i-80 Gold Announces Upsizing of Previously Announced Bought Deal Public Offering of Units
Summary
Each Warrant will entitle the holder thereof to purchase one Common Share at a price of US$0.70 for a period of 30 months following the closing of the Offering.The Company has also granted to the Underwriters an over-allotment option to purchase an additional 15% of the base Offering, for additional gross proceeds to the Company of up to US$24,000,000, to acquire Units, Common Shares and/or Warrants (or any combination thereof), at the Underwriters discretion, and shall be exercisable by the Underwriters, in whole or in part, for a period of 30 days from and including the closing date.In all other respects, the terms of the Offering and use of proceeds therefrom will remain as previously disclosed in the original press release dated May 9, 2025. The Offering is expected to close on or about May 16, 2025 (the Closing Date), and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE American.The Offering will be made in the United States pursuant to an effective shelf registration statement on Form S-3 (No. An electronic or paper copy of the shelf prospectus supplements, the corresponding base shelf prospectuses and any amendment to the documents may be obtained, without charge, from National Bank Financial Inc., 130 King Street West, Suite 800, Toronto, Ontario M5X 1J9, by email at or by telephone at (416) 869-8414 by providing the contact with an email address or address, as applicable.This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. For more information, visit www.i80gold.com.For further information, please contact:Certain statements in this release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws, including but not limited to statements pertaining to the Offering, including the intended use of proceeds, closing date and ability to obtain necessary regulatory approvals, including those of the NYSE and TSX, the Companys ability to execute on its new development plan, advance its assets through feasibility toward construction and production, realize its exploration potential, transform into a mid-tier gold producer over the coming years, and become the next major gold story in Nevada. Such statements can be identified by the use of words such as may, would, could, will, intend, expect, believe, plan, anticipate, estimate, scheduled, forecast, predict and other similar terminology, or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved.