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i-80 Gold Announces Pricing of Prospectus Offering
i-80 Gold Announces Pricing of Prospectus Offering Canada NewsWire This new...
About this update from I-80 Gold Corp
[{"type":"text","content":"\n\n\n\n i-80 Gold Announces Pricing of Prospectus Offering\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\n\n This news release constitutes a \"designated news release\" for the purposes of the Company's\n \n prospectus supplement dated\n \n August 12, 2024\n \n , to its short form base shelf prospectus dated\n \n June 21, 2024\n \n .\n \n\n\n\n\n\n RENO, Nev.\n \n\n ,\n \n\n Jan. 16, 2025\n \n\n /CNW/ -\n \n i-80 GOLD CORP.\n \n (TSX: IAU) (NYSE: IAUX)\n \n (\"i-80 Gold\", or the \"Company\")\n \n is pleased to announce that, in connection with its previously announced prospectus offering of common shares of the Company (the \"\n \n Shares\n \n \") for aggregate gross proceeds of\n \n US$10,000,000\n \n (the \"\n \n Offering\n \n \"), it has set the pricing of the Shares to be offered at\n \n C$0.80\n \n\n (the \"Offering Price\").\n \n\n\n\n\n\n\n\n\n\n The Company anticipates using the net proceeds of the Offering for the development of the Company's projects in\n \n Nevada\n \n , and for working capital and general corporate purposes, as i-80 Gold works towards completion of the second phase of its recapitalization plan targeted for on or about\n \n March 31, 2025\n \n .\n \n\n The Offering will be made pursuant to a prospectus supplement to the Company's short form base shelf prospectus filed on\n \n June 21, 2024\n \n (the \"\n \n Shelf Prospectus\n \n \"), which prospectus supplement will be prepared and filed by the Company with the securities regulatory authorities in each of the provinces and territories of\n \n Canada\n \n other than Québec prior to the closing of the Offering, and will be filed with the U.S. Securities and Exchange Commission pursuant to the Company's U.S. registration statement on Form F-10 (Registration No. 333-279567), which includes the Shelf Prospectus and was declared effective by the United States Securities and Exchange Commission on\n \n June 25, 2024\n \n .\n \n\n The consummation of the Offering remains subject to the receipt of regulatory approvals, including...