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i-80 Gold Announces C$14 Million Top-Up Subscription by Equinox Gold
i-80 Gold Announces C$14 Million Top-Up Subscription by Equinox Gold Canada New...
About this update from I-80 Gold Corp
[{"type":"text","content":"\n \n \n \n i-80 Gold Announces C$14 Million Top-Up Subscription by Equinox Gold\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n RENO, Nev.\n \n ,\n \n May 27, 2021\n \n /CNW/ -\n \n i-80 GOLD CORP.\n \n (TSX: IAU)\n \n (\"i-80\", or the \"Company\")\n \n is pleased to confirm that Equinox Gold Corp. (\"Equinox\") has exercised its right under the support agreement (the \"Agreement\") dated\n \n April 7, 2021\n \n between the Company and Equinox to defend its\n \n pro rata\n \n ownership of i–80 shares on a partially-diluted basis following the recent issuance of shares by the Company in connection with completion of the acquisition of all of the outstanding membership interests of Osgood Mining Company, LLC, the 100% owner of the Getchell mining project in\n \n Nevada\n \n , from Waterton Global Resource Management, Inc. In connection with to the Agreement, Equinox subscribed for 5,479,536 new common shares of the Company at a price of\n \n C$2.60\n \n per common share, for gross proceeds to the Company of\n \n C$14,246,793.60\n \n (the \"Subscription\"). As a result of the Subscription, Equinox has maintained the\n \n pro rata\n \n ownership of i-80 common shares it held prior to the completion of the acquisition by the Company of Osgood Mining, as detailed further below.\n \n \n \n \n \n \n \n \n \n \"The exercise of Equinox's anti-dilution right further strengthens our balance sheet and I believe demonstrates Equinox's commitment to the work with i-80 as we aggressively grow our business in\n \n Nevada\n \n .\" stated\n \n Ewan Downie\n \n , CEO of i-80.\n \n \n As a co...