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INTEGRA GOLD CORP COM STK CAD1(OTCMKTS:ICGQF)

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INTEGRA GOLD CORP COM STK CAD1(OTCMKTS:ICGQF)

Vancouver, B.C.-based INTEGRA GOLD CORP COM STK CAD1(OTCMKTS:ICGQF) gained 5% on Friday on lower than average volumes. INTEGRA GOLD CORP COM STK CAD1(OTCMKTS:ICGQF) is a gold exploration company with evolving projects in Val-d’Or, Quebec – reportedly one of the top mining jurisdictions in the world. Integra’s primary focus is its high-grade Lamaque South project. In the fall of 2014, Integra completed the acquisition of the Sigma Mill and Mine Complex, a fully permitted 2,200 ton per day mill and tailings facility. With major federal and provincial permits in place, existing infrastructure and significant exploration potential, this acquisition removed major costs and shortened timelines typically associated with mine projects. INTEGRA GOLD CORP COM STK CAD1(OTCMKTS:ICGQF) has raised over $125 million since 2013, at successively higher share prices, despite depressed gold prices. In August 2015, Eldorado Gold Corporation completed a strategic investment in Integra, acquiring 15% of the outstanding common shares. Integra was named to the TSX Venture top 50 performers in 2015 and the OTCQX Best 50 award for 2015.

Financials

INTEGRA GOLD CORP COM STK CAD1(OTCMKTS:ICGQF) reported CAD $153.4 million in total assets for FY2016 against total liabilities of CAD $32.4 million. Total comprehensive income for FY2016 was CAD $321,000. At the end of 2016, Integra listed 21,154 ICGQF options outstanding with an average exercise price of CAD $0.30. Shares of INTEGRA GOLD CORP COM STK CAD1(OTCMKTS:ICGQF) gained over 165% between 2014 and 2016 which compares favorably against their peer sector which only gained 106%.

One of the most unique aspects of Integra is the professional and unique communications methods it utilizes to reach the public. This includes the “Integra “Gold” App which can be found in the Apple Store. Interga is led by Stephen de Jong who has held the title(s) of President and CEO of Integra since 2012.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

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