i-80 Gold (IAUX)

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i-80 Gold Closes Previously Announced Upsized Prospectus Offering
Prnewswire· 2025-01-31 22:00
Group 1 - i-80 Gold Corp. has successfully closed its prospectus offering of 28,212,593 common shares at a price of C$0.80 per share, resulting in gross proceeds of approximately C$22,570,074 [1][2] - The shares were offered across Canadian provinces and territories, excluding Québec, and in the United States under the company's U.S. registration statement [2] - A concurrent private placement offering to certain directors and officers is expected to close in the first week of February 2025, pending regulatory approvals [3] Group 2 - i-80 Gold Corp. is a Nevada-focused mining company with the third largest gold mineral resources in Nevada, aiming to become a mid-tier gold producer through a recapitalization plan [5] - The company's common shares are listed on both the TSX and NYSE American under the symbols IAU:TSX and IAUX:NYSE [5]
i-80 Gold Announces Filing of Prospectus Supplement for Upsized Prospectus Offering of Common Shares
Prnewswire· 2025-01-27 18:24
Group 1 - i-80 Gold Corp has filed a prospectus supplement to its short form base shelf prospectus, aiming to distribute a minimum of 18,000,000 common shares at a price of C$0.80 per share, with minimum gross proceeds of C$14,400,000 and a maximum of 36,250,000 shares for up to C$29,000,000 [1][2] - The size of the Offering has been increased from US$10 million to US$20 million (C$29 million), pending regulatory approvals, with an expected closing date around January 31, 2025 [2] - Concurrently, the Company will complete a private placement offering of up to 1,004,208 subscription receipts at C$0.80 each, aiming for gross proceeds of up to C$803,367, with specific conditions for the release of escrowed funds [5] Group 2 - The Company is focused on unlocking the value of its high-grade gold deposits to establish itself as a mid-tier gold producer in Nevada, where it holds the third largest gold mineral resources [8] - The common shares of i-80 Gold Corp are listed on the TSX and NYSE American under the symbols IAU:TSX and IAUX:NYSE, respectively [8]
i-80 Gold Announces Pricing of Prospectus Offering
Prnewswire· 2025-01-17 02:29
Core Viewpoint - i-80 Gold Corp. is conducting a prospectus offering of common shares to raise gross proceeds of US$10 million, with shares priced at C$0.80 each [1][2]. Group 1: Offering Details - The offering aims to raise an aggregate gross amount of US$10 million [1]. - The shares will be priced at C$0.80 each [1]. - The net proceeds will be utilized for project development in Nevada, working capital, and general corporate purposes as part of the company's recapitalization plan, expected to be completed by March 31, 2025 [2]. Group 2: Regulatory and Filing Information - The offering will be conducted under a prospectus supplement to the company's short form base shelf prospectus filed on June 21, 2024 [3]. - The prospectus supplement will be filed with securities regulatory authorities in Canada (excluding Québec) and the U.S. Securities and Exchange Commission [3]. - The completion of the offering is subject to regulatory approvals from the Toronto Stock Exchange and NYSE American, along with other customary closing conditions [4]. Group 3: Company Overview - i-80 Gold Corp. is focused on mining in Nevada and holds the third largest gold mineral resources in the state [7]. - The company's recapitalization plan aims to unlock the value of its high-grade gold deposits to establish itself as a mid-tier gold producer in Nevada [7].
i-80 Gold Completes Conditions to Amend and Restate Convertible Credit Agreement with Orion
Prnewswire· 2025-01-16 03:45
Core Viewpoint - i-80 Gold Corp has successfully amended and restated its convertible credit agreement with Orion Mine Finance, extending the maturity date and issuing warrants as part of the agreement [1][2]. Group 1: Convertible Credit Agreement - The maturity date of the A&R Convertible Credit Agreement has been extended by six months to June 30, 2026, with additional security required by March 31, 2025 [2]. - The company issued five million common share purchase warrants to Orion with an exercise price of C$1.01, expiring on January 15, 2029 [2]. - The issuance of the 2025 Orion Warrants is considered a related party transaction due to Orion's significant shareholding in the company [7]. Group 2: Financing and Use of Proceeds - i-80 Gold intends to complete a prospectus financing of common shares for gross proceeds of US$10 million, with participation expected from major shareholders [3][4]. - The net proceeds from the offering will be used for project development in Nevada and for working capital as part of the company's recapitalization plan [4]. Group 3: Regulatory and Compliance - The offering will be made pursuant to a prospectus supplement filed with Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission [5]. - The consummation of the offering is subject to regulatory approvals from the Toronto Stock Exchange and NYSE American [6].
i-80 Announces Proposed Amendments to its Convertible Debentures
Prnewswire· 2025-01-13 11:00
First Step in the Second Phase of Recapitalization Plan RENO, Nev., Jan. 13, 2025 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold", or the "Company") announces that it has reached an agreement (the "Agreement") with certain convertible debenture holders (the "Investors") to implement proposed amendments to the terms of its convertible debentures, which are expected to assist in the second phase of the Company's recapitalization plan.On February 22, 2023, the Company closed a priv ...
i-80 Gold: Market Overreaction Presents Opportunity
Seeking Alpha· 2024-11-21 18:52
I invest only for myself with no formal securities training. I write these article to share interesting ideas or discoveries that I believe might help others or generate meaningful conversation.Analyst’s Disclosure: I/we have a beneficial long position in the shares of IAUX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with an ...
i-80 Gold (IAUX) - 2024 Q3 - Earnings Call Transcript
2024-11-13 18:17
i-80 Gold Corp. (NYSE:IAUX) Q3 2024 Earnings Conference Call November 13, 2024 10:00 AM ET Company Participants Richard Young - CEO Matt Gili - President & COO Ryan Snow - CFO Dave Savarie - SVP, General Counsel Leily Omoumi - VP, Corporate Development & Strategy Conference Call Participants Kent Whitaker - KP7 Investors Bryce Adams - CIBC Capital Markets John Tumazos - John Tumazos Very Independent Research José Cánovas - Global Income William Siegel - WJ Siegel Consultants Operator Good morning. My name i ...
i-80 Gold (IAUX) - 2024 Q3 - Earnings Call Presentation
2024-11-13 15:54
MADE IN THE U.S.A. N YS E : I A U X | T S X : I A U Q3 Conference Call November 2024 DISCLAIMER CautionaryStatementRegardingForward-LookingInformation Certain statements in this presentation constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to statements or information regarding: low capital intensity of certain Projects with near term cash flow opportunity; all deposits being open for expansion; execution and ...
i-80 Gold (IAUX) - 2024 Q3 - Quarterly Report
2024-11-12 22:16
Condensed Consolidated Interim Financial Statements September 30, 2024 (Stated in thousands of United States Dollars) (Unaudited) 1 NOTICE TO SHAREHOLDERS i-80 Gold Corp For The Three and Nine Months Ended September 30, 2024 MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING The accompanying unaudited condensed consolidated interim financial statements of i-80 Gold Corp were prepared by management in accordance with International Financial Reporting Standards ("IFRS Accounting Standards"). Only changes in ...
i-80 Gold Appoints Richard Young Chief Executive Officer
Prnewswire· 2024-09-18 10:00
RENO, Nev., Sept. 18, 2024 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to announce that Mr. Richard Young has been appointed as Chief Executive Officer and a director effective immediately, succeeding Ewan Downie following his retirement as CEO. This appointment completes the previously announced succession process. Mr. Downie will also step down as a director of the Company and will continue as an advisor to the Company. Mr. Young brings extensive financial, ...