Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Former Idaho Governor Butch Otter Joins Integra Board of Directors

Mining News - Published on Thu, 19 Sep 2019

Image Source: globenewswire.com
Integra Resources Corp announced the appointment of former Idaho Governor Mr CL Butch Otter to the Company’s Board of Directors. Gov Otter is a businessman who served as the 32nd Governor of Idaho from 2007 to 2019. Otter served as Lieutenant Governor from 1987 to 2001 and in the United States Congress from 2001 to 2007. Before devoting his career full-time to serving the people of Idaho in public office, Gov. Otter spent more than 30 years as a business leader including 12 years as President of the Idaho-based Simplot International.

Butch Otter has been granted incentive stock options in conjunction with his appointment to the Board of Directors, exercisable to purchase in aggregate up to 250,000 common shares in the capital of the Company until September 16th, 2024, at an exercise price of $1.31 per share. The options were granted in accordance with Integra’s Stock Option Plan and are subject to vesting provisions.

Integra Resources is a development stage mining company focussed on the advancement of its DeLamar Gold-Silver Project located in Owyhee County, 18 miles east of the ranching town Jordan Valley. The DeLamar Project consists of the two past-producing DeLamar and Florida Mountain Mines which shut down in the late 1990’s due to extremely low precious metal prices. The Company’s maiden Preliminary Economic Assessment released last week proposes an initial 10-year mine plan and demonstrates the potential for approximately 330+ employment opportunities to be created, representing a significant economic benefit for Owyhee and Malheur Counties.

George Salamis, Integra’s President and CEO, commented, “With the recently announced PEA under our belts, we are thrilled to have Butch in our corner as we march onwards towards development. Given the robust economics demonstrated in the PEA, DeLamar could become a beacon for economic growth in Owyhee and Malheur Counties. Butch’s motto ‘let’s get to yes’ resonates strongly with what we are looking to achieve at DeLamar, and his addition to the team will be instrumental in navigating future steps at the Project.”

Source :

Posted By : Rabi Wangkhem on Thu, 19 Sep 2019
Related News from Mining segment