"When the credit raising didn't work, I imagine Baker Steel and Acorn laid down the law and went for the best long term option for themselves."
My reply:
10/07/2012 Trading Halt 12/07/2012 Oversubscribed $25 Million Raising 23/07/2012 $20 Million Project Finance Secured
So the credit raising did work out!
We were told in that 23rd. July ASX announcement that the $20 million revolving cash advance facility plus the $25 million received from the share placement "places Integra in a strong financial position and will predominantly be used to fast track exploration, repay debt, fund acquisitions and for working capital purposes."
Then two weeks later:
06/08/2012 SLR: Silver Lake Resources to Acquire Integra Mining
IGR Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
