i-80 Gold Completes Conditions to Amend and Restate Convertible Credit Agreement with Orion

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].