i-80 Gold Completes Further Steps in Support of its Recapitalization Plan

Core Viewpoint - i-80 Gold Corp has completed amendments to its $65 million convertible debenture indenture and closed a concurrent private placement, enhancing its liquidity and refinancing flexibility as part of its recapitalization plan [1][2]. Group 1: Convertible Debenture Amendments - The company finalized a first supplemental indenture to amend the terms of the convertible debenture indenture, as previously disclosed [3]. - The amendments include revised definitions for conversion prices related to accrued and unpaid interest on the convertible debentures, with specific pricing mechanisms based on market performance [6][7]. - The company has a redemption right allowing it to redeem all outstanding convertible debentures at a 104$0.80 per share, generating gross proceeds of approximately C$798,297 [9]. - All participants in the private placement were insiders, and the transaction is exempt from certain formal valuation and minority shareholder requirements [10]. - The net proceeds from the private placement are intended for working capital and general corporate purposes, reflecting the confidence of directors and officers in the company's strategic direction [12]. Group 3: Company Overview - i-80 Gold Corp is focused on mining in Nevada and holds the fourth largest gold mineral resources in the state, aiming to become a mid-tier gold producer [14].