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i-80 Gold Announces Pricing of Upsized Offering of US$250 Million Convertible Senior Notes
i-80 Gold Announces Pricing of Upsized Offering of US$250 Million Convertible Senior Notes ...
About this update from I-80 Gold Corp
[{"type":"text","content":"\n\n\ni-80 Gold Announces Pricing of Upsized Offering of US$250 Million Convertible Senior Notes\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\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, March 19, 2026 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) (\"i-80 Gold\" or the \"Company\") announced that it has priced its previously announced offering (the \"Offering\") of unsecured convertible senior notes due 2031 (the \"Notes\"). The Company intends to issue US$250 million aggregate principal amount of Notes (or US$287.5 million aggregate principal amount if the option granted to the initial purchasers to purchase additional Notes is exercised in full). The Offering was upsized from the previously announced US$200 million (or US$230 million if the option granted to the initial purchasers to purchase additional Notes was exercised in full).\n\n\n\n\n\n\n\nThe Notes will bear cash interest paid semi-annually at a rate of 3.75% per annum. The initial conversion rate for the Notes will be 519.4805 common shares of the Company (the \"Shares\") per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$1.93 per Share. The initial conversion rate represents a premium of approximately 37.5% relative to yesterday's closing market price of the Shares on the NYSE American and is subject to adjustment in certain events.The Offering is expected to close on or about March 23, 2026, subject to customary closing conditions including approval of the Toronto Stock Exchange and the NYSE American.i-80 Gold intends to use the net proceeds from this Offering to advance the Company's gold projects through various stages of development, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling, as well as for general corporate and working capital purposes.The Notes and the Shares issuable upon the conversion thereof have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the \"Securities Act\"), registered under any state securities laws, or qualified by a prospectus in Canada. The Note...