Integra Closes Oversubscribed Overnight Marketed Offering for US$11 Million and Will Draw the US$10 Million Initial Advance on the US$20 Million Convertible Loan Facility With Beedie Capital
In connection with its convertible loan facility of up to US$20 million (the Convertible Facility) from Beedie Investments Ltd. (Beedie Capital), the Company will draw an initial advance of US$10 million (the Initial Advance) today, pursuant to the terms of the credit agreement between Integra and Beedie Capital dated July 28, 2022 (the Credit Agreement).
- In connection with its convertible loan facility of up to US$20 million (the Convertible Facility) from Beedie Investments Ltd. (Beedie Capital), the Company will draw an initial advance of US$10 million (the Initial Advance) today, pursuant to the terms of the credit agreement between Integra and Beedie Capital dated July 28, 2022 (the Credit Agreement).
- In addition to the Convertible Facility, Beedie Capital participated in the Offering and now owns an 8% equity stake in Integra, aligning itself with shareholders of the Company.
- The Convertible Facility is secured by the Companys material assets and guaranteed by the Companys subsidiaries.
- For further information on the terms of the Convertible Facility, see the Companys press release datedJuly 28, 2022.