other material
confidence high
sentiment neutral
materiality 0.75
i-80 Gold amends debentures, extends Orion loan, prices $10M equity at C$0.80
i-80 Gold Corp.
- Convertible debenture amendments: conversion price at 85% of 5-day VWAP, senior secured on McCoy-Cove, redemption at 104% premium.
- Orion convertible credit agreement extended to June 30, 2026; 5M warrants issued at C$1.01, expiring Jan 2029.
- $10M common share offering priced at C$0.80; expected closing Jan 31, 2025.
- Waiver of event of default under Orion gold prepay and silver stream agreements conditioned on debenture amendments by Feb 28.
- Second phase of recapitalization plan targeted for completion by March 31, 2025.