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i-80 Gold Announces US$135 Million Bought Deal Public Offering of Units
RENO, Nev., May 09, 2025 (GLOBE NEWSWIRE) -- i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-8...
About this update from I-80 Gold Corp
[{"type":"text","content":"i-80 Gold Announces US$135 Million Bought Deal Public Offering of UnitsThe base shelf prospectus is accessible, and the shelf prospectus supplement and any amendment to the documents will be accessible within two business days through SEDAR+\n\n\n\n RENO, Nev., May 09, 2025 (GLOBE NEWSWIRE) --\n \n i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80” or the “Company”)\n \n is pleased to announce that it has entered into an agreement with National Bank Financial Inc. and Cormark Securities Inc. as co-bookrunners (the “Co-Bookrunners”), on behalf of a syndicate of underwriters (collectively, the “Underwriters”) in which the Underwriters have agreed to purchase, on a bought deal basis, 270,000,000 units of the Company (the “Units”) at a price of US$0.50 per Unit for aggregate gross proceeds of US$135,000,000 (the “Offering”).\n \n\n Each Unit is comprised of one common share (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of US$0.70 for a period of 30 months following the closing of the Offering.\n \n\n The Company has also granted to the Underwriters an over-allotment option to purchase an additional 15% of the base Offering at the Underwriters’ sole discretion, for additional gross proceeds to the Company of up to US$20,250,000, to acquire Units, Common Shares and/or Warrants (or any combination thereof), at the Underwriters’ discretion, and shall be exercisable by the Underwriters, in whole or in part, for a period of 30 days from and including the Closing Date (as defined below).\n \n\n The net proceeds of the Offering, inclusive of the over-allotment option if exercised, will be used on growth expenditures in support of i-80’s new development plan in Nevada and for general corporate purposes, as more particularly described in the respective U.S. and Canadian prospectus supplements which are anticipated to be filed on May 13, 2025.\n \n\n The Offering is expected to close on or about May 16, 2025 (the “Closing Date”), and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals...