integra resources corp has struck a deal to buy millennial precious metals corp consolidating its position to make it one of the largest preciousmetals exploration companies in idahos great basin region with their proposed friendly merger the companies said they would launch a 35 million canadian dollars us26 million equity raising that to help fund an updated mineral resource estimate and mine plan for integras delamar project in southwestern idaho the preparation of a mineral resource estimate and preliminary economic assessment on millennials wildcat and mountain view projects and other work under the terms of the deal millennial shareholders would receive 023 of an integra share for each share held implying a price of c018 a millennial share in what the companies said represents a nopremium transaction integra would own about 65 of the combined company and millennial 35 each of millennials directors and senior officers who together represent about 92 of the shares have agreed to vote in favor of the tieup the companies said the brokered and nonbrokered stock offering will see wheaton precious metals corp come on board as a cornerstone investor buying an amount equal to up to 99 of the issued and outstanding integra shares the equity financing also includes participation by beedie investments ltd one of integras existing lenders and shareholders millennials shares last traded at c018 down 10 so far this year and 61 weaker over the last 12 months