i-80 Gold Announces Filing of Prospectus Supplement for Upsized Prospectus Offering of Common Shares

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]