other material
confidence high
sentiment positive
materiality 0.75
i-80 Gold closes US$172.9M bought deal offering; concurrent private placement adds US$11.1M
i-80 Gold Corp.
- Issued 345,760,000 units at US$0.50/unit for gross proceeds of US$172,880,000 including overallotment.
- Each Unit includes one common share and half a warrant to buy one share at US$0.70 until Nov 16, 2027.
- Concurrent private placement of 22,240,000 units at same terms for additional US$11,120,000, expected to close May 20, 2025.
- Net proceeds to fund growth expenditures in support of i-80's new Nevada development plan and for working capital.