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Canada’s Eldorado Gold buys 15% stake in Integra Gold

Lamaque project. (Image courtesy of Integra Gold)

Canadian Eldorado Gold (TSX: ELD) (NYSE:EGO) has bought 52 million shares of fellow bullion miner Integra Gold (TSX-V:ICG) (OTCQX: ICGQF), which gives the company a 15% stake in Integra

The investment, at $0.28 per share, will give Integra up to a $27 million-cash injection, allowing it to move forward with an active fall and winter drill program at its Quebec-based Lamaque Project, the Vancouver-based junior said in a statement.

The deal closing is expected on or about Aug. 31.

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