Looks like tooli was right and IGR are looking for overseas acquisitions.
Pity there was no UG info, and the additional expected reserves dont seem to be enought to hold onto the SP rally. Guess we will just have to wait till JUly??
Angers
Integra is in advanced discussions with its project financiers to replace the existing project finance facility
with a corporate facility of $20 million providing Integra with the financial capacity for opportunistic acquisitions. Integra’s total project debt is currently $8.4 million (down from an original $45 million) and is a
very low level of gearing given the Randalls Gold Project has a defined 5 years of open pit mine life and the
massive 1.9Mt stockpile containing over 90,000 ounces of gold at a grade of 1.53 g/t gold for which the
mining cost has already been paid.
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Looks like tooli was right and IGR are looking for overseas...
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