i-80 Gold Corp. Announces Closing of Upsized Prospectus Offering

i-80 Gold Corp. recently disclosed on its Form 8-K filed with the Securities and Exchange Commission that it has closed a substantial upsized prospectus offering. The offering began on January 27, 2025, involving subscription agreements with selected investors. These agreements, denoted as the “Subscription Agreements,” were confirmed through an official press release on January 31, 2025.

The Subscription Agreements pertained to the acquisition of 28,212,593 common shares of i-80 Gold Corp., known as the “Offered Shares,” at a price of C$0.80 per Offered Share. This resulted in overall gross proceeds amounting to approximately C$22,570,074 for the company. The deal was successfully finalized on January 31, 2025, indicating a significant financial boost for i-80 Gold Corp.

Notably, the Offering was conducted in accordance with the company’s shelf registration statement on Form F-10 (File No. 333-279567), which had been submitted to the Securities and Exchange Commission, gaining approval on June 25, 2024. This endeavor was further supplemented by a comprehensive prospectus released on June 21, 2024, with subsequent modifications through a prospectus supplement dated January 27, 2025.

i-80 Gold Corp. confirms that all the pertinent information regarding this transaction, as specified in the Form 8-K filing, is effectively integrated into its registration statement on Form F-10 (File Number 333-279567). Additionally, Exhibit 99.1, which contains a detailed press release relating to the conclusion of the augmented prospectus offering on January 31, 2025, has been incorporated by reference.

In conclusion, Exhibit 99.1, along with relevant details disclosed in this recent Form 8-K filing, has been officially acknowledged and adopted into the records of i-80 Gold Corp., emphasizing the successful conclusion of this substantial financial transaction.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read i-80 Gold’s 8K filing here.

About i-80 Gold

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.