i-80 Gold Announces Pricing of Prospectus Offering

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].