other material
confidence high
sentiment neutral
materiality 0.65
i-80 Gold terminates gold off-take deal with Vox Royalty for 3.45M shares valued at $4.8M
i-80 Gold Corp.
- Terminated 2023 Offtake Agreement requiring delivery of up to 40,000 oz refined gold per year.
- Issued 3,453,237 common shares to Vox Royalty Corp. as sole consideration, valued at $4,800,000.
- Shares issued under existing S-3 registration; closing requires exchange listings and release of BMO security interest.
- Termination releases i-80 and its subsidiaries from all future gold delivery obligations under the agreement.