Source: Fortbridge News Summaries Mining in AustraliaIntegra to...

Source: Fortbridge News Summaries Mining in Australia


Integra to brave market and rattle the tin for $25m
The West Australian, Page 29 (Tue 10 Jul 2012) by Nick Evans

Integra Mining is all set to launch a significant capital raising to pay down debt and fund its expansion plans. The company is looking to raise around $25 million at a price of 30c per new share. Hartleys and BBY are understood to be managing the affair. A recent investor presentation showed that the company had around $8.4 million left owed to previous financing facilities, while its cash on hand lingered at $12 million at the end of June. The company is understood to want to accelerate drilling programs around its existing Randalls gold project in WA, after releasing positive exploration results yesterday.