i-80 Gold Announces US$135 Million Bought Deal Public Offering of Units

Core Viewpoint - i-80 Gold Corp. has announced a bought deal offering of 270 million units at a price of US$0.50 per unit, aiming to raise gross proceeds of US$135 million to support its development plan in Nevada and for general corporate purposes [1][4]. Group 1: Offering Details - The offering consists of 270,000,000 units, each comprising one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at US$0.70 for 30 months post-closing [2]. - An over-allotment option has been granted to underwriters for an additional 15$20.25 million if exercised [3]. - The expected closing date for the offering is around May 16, 2025, subject to necessary corporate and regulatory approvals [5]. Group 2: Use of Proceeds - The net proceeds from the offering, including any additional funds from the over-allotment option, will be allocated towards growth expenditures related to i-80's new development plan in Nevada and for general corporate purposes [4]. Group 3: Company Overview - i-80 Gold Corp. is focused on becoming a mid-tier gold producer in Nevada, holding significant gold mineral resources and advancing high-grade exploration projects [10]. - The company operates a fully permitted central processing facility and is implementing a hub-and-spoke mining and processing strategy to enhance efficiency and growth [10].