The maximum number of Eldorado shares to be issued under the Arrangement will be approximately 77 million based on the issued and outstanding Integra shares as of the announcement date excluding the 62 million shares of the Company held by Eldorado. The transaction is expected to close in July 2017, and in any event no later than August 30, 2017, following the receipt of all required shareholder and regulatory approvals. Eldorado holds approximately 12.8% of the outstanding common shares of Integra, accordingly, the Arrangement will be a non-arm's length transaction for the purposes of the policies of the TSX-V and "business combination" under Multilateral Instrument 61-101. Advisors Integra's exclusive financial advisor is Raymond James Ltd. Cairn Merchant Partner LP acted as a strategic advisor to the Company. BMO Capital Markets acted as exclusive financial advisor to a Special Committee of the Integra Directors.