Integra Resources Announces Full Conversion and Repayment of Beedie Capital Convertible Debenture
Integra Resources Corp. announced the full conversion and repayment of its US$15 million convertible debenture facility with Beedie Capital. The company issued 12,295,081 common shares at C$1.6875 per share to retire the principal amount and paid US$2,896,712 in accrued interest and standby fees. This transaction eliminates convertible debt from Integra's balance sheet, leaving the company debt-free at the corporate level. Following the conversion, Beedie Capital now owns approximately 10.51% of Integra's common shares on a non-diluted basis (19,085,762 shares). Company leadership highlighted this as a strong vote of confidence in the recently announced DeLamar Feasibility Study and strengthens Integra's financial position as it moves forward with permitting and development activities.