i-80 Gold Launches Offering of US$200 Million Convertible Senior Notes

Core Viewpoint - i-80 Gold Corp. is launching an offering of US$200 million in unsecured convertible senior notes due 2031 to fund its gold projects and general corporate purposes [1][2]. Group 1: Offering Details - The offering includes an option for initial purchasers to buy an additional US$30 million in notes within 20 days [1]. - The interest rate and conversion terms will be determined based on market conditions at the time of pricing [3]. - The notes will bear cash interest payable semi-annually and can be converted into common shares of i-80 Gold [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to advance five gold projects, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling [2]. Group 3: Regulatory and Compliance - The offering is subject to customary closing conditions, including approval from the Toronto Stock Exchange and NYSE American [4]. - The notes and shares will not be registered under the U.S. Securities Act and will only be offered to qualified institutional buyers [5]. Group 4: Company Overview - i-80 Gold Corp. is focused on becoming a mid-tier gold producer in Nevada, holding significant gold mineral resources and executing a hub-and-spoke mining strategy [7].