i-80 Gold Corp. (IAUX): debt financing — Granite Creek Underground PEA: after-tax NPV $155M at $2,175/oz; debenture amended, insider placement closed

i-80 Gold Corp.

Granite Creek Underground PEA: after-tax NPV (5%) $155M at $2,175/oz gold, 84% IRR; 8-year life, avg 52,200 oz/yr.
Updated M&I resource: 261,000 oz at 10.5 g/t; inferred 326,000 oz at 13.0 g/t (drill data through 2022).
Convertible debenture amended: conversion price set at 85% of 5-day VWAP; Company can redeem at 104% of principal.
Insider private placement closed: 997,871 shares at C$0.80 for gross proceeds of ~C$798,297.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

i-80 Gold Corp. amended convertible notes with TSX Trust Company.

Instrument: convertible notes
Counterparty: TSX Trust Company
Event: amendment

Exact text from the filing

On February 28, 2025, the Company and the Trustee entered into a First Supplemental Indenture to a Convertible Debenture Indenture (the "Supplemental Indenture") pursuant to which, the Company approved, among other things, the following material amendments to the terms of the Debentures.

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i-80 Gold Corp. filing history →

Source: SEC EDGAR

accession 0001062993-25-004772

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