Integra Gold to be acquired by Eldorado Gold at a premium of approx %52. This is a great day for Integra Gold Shareholders who have been waiting years for this news. Although the Offer from Eldorado is at a good valuation many Integra shareholders feel that Integra is worth more. Integra still has thousands of meters of recent drill results from the winter drilling campaign and many investors want to see these results before voting on the Eldorado offer. Some Integra investors feel that the company should take the project all the way to production but with this news from Eldorado, it looks like they are serious and will likely win in this takeover offer. The %52 premium is a nice return on investment for many Integra shareholders and if they believe the deposit Integra holds has as much Gold as indicated then owning a piece of Eldorado will be the option. On the news of the Buyout offer today May 15th, 2017 share of Integra Gold were up %41 on opening on heavy trading Volume.
The Takeover offer has been approved by all the board of directors and will require an approval of %66 of remaining shareholder to finalize the deal. This will take place sometime in July.