other material
confidence high
sentiment neutral
materiality 0.65
i-80 Gold upsizes bought-deal offering to US$160M, issues 320M units at US$0.50
i-80 Gold Corp.
- Offering size increased from US$135M to US$160M due to excess demand; 320M units at US$0.50 per unit.
- Each unit consists of one common share and one-half warrant (full warrant at US$0.70, 30-month term).
- Underwriters granted 15% over-allotment option for additional gross proceeds of up to US$24M.
- Net proceeds to fund growth expenditures for new Nevada development plan and general corporate purposes.
- Closing expected on or about May 16, 2025, subject to TSX and NYSE American approvals.