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i-80 Gold Announces Non-Brokered Private Placement of up to C$18 Million
i-80 Gold Announces Non-Brokered Private Placement of up to C$18 Million Canada NewsWir...
About this update from I-80 Gold Corp
[{"type":"text","content":"\n \n \n \n i-80 Gold Announces Non-Brokered Private Placement of up to C$18 Million\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n \n \n \n RENO, Nev.\n \n \n ,\n \n \n Feb. 7, 2024\n \n \n /CNW/ -\n \n i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) (\"i-80\", or the \"Company\")\n \n is pleased to announce that the Company has launched a non-brokered private placement (the \"\n \n Offering\n \n \") of up to 10,000,000 common shares of the Company (the \"\n \n Common Shares\n \n \") at a price of\n \n C$1.80\n \n per Common Share for aggregate gross proceeds of up to approximately\n \n C$18 million\n \n .\n \n \n \n \n \n \n \n \n \n The net proceeds of the Offering will be used for exploration and development of the Company's mineral projects in\n \n Nevada\n \n , and for working capital and general corporate purposes.\n \n \n The Offering is scheduled to close on or about\n \n February 16, 2024\n \n , or such other date as the Company may determine and is subject to satisfaction of certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the Toronto Stock Exchange (\"\n \n TSX\n \n \") and the NYSE American (\n \n \"NYSE\n \n \"). The securities issued pursuant to the Offering will be subject to a four-month plus one day hold period commencing on the day of the closing of the Offering under applicable Canadian securities laws.\n \n \n \n About i-80 Gold Corp.\n \n \n \n \n i-80 Gold Corp.\n \n is a\n \n Nevada\n \n -focused, mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company's advanced-stage property portfolio with processing at i-80's centralized milling facilities. i-80 Gold's common shares are listed on the TSX and the NYSE American under the trading...