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Announced

Completed

Integra completed the merger with Millennial for C$35m.

Financials

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Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium35%
One Off Charge-

Tags

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Single Bidder

mining

Canada

General Mining

Friendly

Acquisition

Majority

Merger

Domestic

Private

Completed

Synopsis

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Integra, a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar gold-silver project, completed the merger with Millennial, an exploration and development company focused on unlocking quality ounces through the responsible expansion of its eight gold and silver projects, for C$35m. “The merger with Millennial is an exciting combination that provides balanced benefits to both sets of shareholders and streamlines the permitting and development of three high-quality, oxide, heap leach projects. The industry is in need of consolidation, and the support amongst the investment community and from Wheaton for this merger and concurrent financing has been resoundingly positive,” George Salamis, Integra President and CEO.

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