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i-80 Gold Launches Offering of US$200 Million Convertible Senior Notes
i-80 Gold Launches Offering of US$200 Million Convertible Senior Notes Canada NewsWire ...
About this update from I-80 Gold Corp
[{"type":"text","content":"\n\n\ni-80 Gold Launches Offering of US$200 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 18, 2026 /CNW/ -- i-80 GOLD CORP. (TSX:IAU) (NYSE American:IAUX) (\"i-80 Gold\" or the \"Company\") announces the offering of unsecured convertible senior notes due 2031 (the \"Notes\") in the aggregate principal amount of US$200 million (the \"Offering\"). The Company expects to grant the initial purchasers of the Notes an option to purchase for a period of 20 days up to an additional US$30 million aggregate principal amount of Notes.\n\n\n\n\n\n\n\ni-80 Gold intends to use the net proceeds of this Offering to advance the Company's five 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 interest rate, the initial conversion rate and other terms of the Notes will be determined by i-80 and the initial purchasers and will depend on market conditions at the time of pricing of the Offering. The Notes will bear cash interest payable semi-annually at a fixed rate and will be convertible by holders into i-80 Gold common shares (the \"Shares\"). The Notes will be redeemable by i-80 Gold at its option in certain circumstances. Holders will have the right to require i-80 Gold to repurchase their Notes upon the occurrence of certain events.The Offering is subject to customary closing conditions including approval of the Toronto Stock Exchange and the NYSE American.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 Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. The Notes will be offered only to \"qualified institutio...