This news release constitutes a "designated
news release" for the purposes of the Company's
prospectus supplement dated August 12,
2024, to its short form base shelf prospectus dated
June 21, 2024.
RENO,
Nev., Jan. 16, 2025 /PRNewswire/ - i-80
GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80 Gold", or the
"Company") is pleased to announce that, in connection with
its previously announced prospectus offering of common shares of
the Company (the "Shares") for aggregate gross proceeds of
US$10,000,000 (the
"Offering"), it has set the pricing of the Shares to be
offered at C$0.80 (the "Offering
Price").
The Company anticipates using the net proceeds of the Offering
for the development of the Company's projects in Nevada, and for working capital and general
corporate purposes, as i-80 Gold works towards completion of the
second phase of its recapitalization plan targeted for on or about
March 31, 2025.
The Offering will be made pursuant to a prospectus supplement to
the Company's short form base shelf prospectus filed on
June 21, 2024 (the "Shelf
Prospectus"), which prospectus supplement will be prepared and
filed by the Company with the securities regulatory authorities in
each of the provinces and territories of Canada other than Québec prior to the closing
of the Offering, and will be filed with the U.S. Securities and
Exchange Commission pursuant to the Company's U.S. registration
statement on Form F-10 (Registration No. 333-279567), which
includes the Shelf Prospectus and was declared effective by the
United States Securities and Exchange Commission on June 25, 2024.
The consummation of the Offering remains subject to the receipt
of regulatory approvals, including the approval of the Toronto
Stock Exchange (the "TSX") and the NYSE American, and other
customary closing conditions. No commission or finder's fee will be
paid in connection with the Offering.
Potential investors should read the Canadian Shelf Prospectus
Supplement, the U.S. Shelf Prospectus, and the prospectus
supplements that will be filed with the securities commissions of
the provinces and territories of Canada and the SEC for more complete
information about i-80 and the offering. Canadian Shelf Prospectus
Supplement and the prospectus supplement (when filed) can be found
on i-80's profile on SEDAR+ at www.sedarplus.ca and copies of the
U.S. Shelf Prospectus and prospectus supplement (when filed) can be
found on i-80's profile on EDGAR at www.sec.gov. Printed or
electronic copies of these documents may be requested by contacting
i-80 Gold's Corporate Secretary, Jacklynn
Hunt via email at jhunt@i80gold.com or by phone at
1-866-525-6450.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor will there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful before registration
or qualification under the securities laws of any such
jurisdiction.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with the third
largest gold mineral resources in the state of Nevada. The recapitalization plan underway is
designed to unlock the value of the Company's high-grade gold
deposits to create a Nevada
mid-tier gold producer. i-80 Gold's common shares are listed on the
TSX and the NYSE American under the trading symbol IAU:TSX and
IAUX:NYSE. Further information about i-80 Gold's portfolio of
assets and long-term growth strategy is available at
www.i80gold.com or by email at info@i80gold.com.
FORWARD LOOKING INFORMATION
Certain statements in this release constitute "forward-looking
statements" or "forward-looking information" within the meaning of
applicable securities laws, including but not limited to,
statements regarding: the Company's ability to satisfy all closing
conditions and close the Offering within the announced timeline and
announced gross proceeds; the Company's use of proceeds for the
Offering; the Company's preparation and filing of the prospectus
supplement in the announced provinces and territories, and with the
U.S. Securities and Exchange Commission by the closing;
consummation of the Offering; the Company's ability to obtain
the approval of the TSX and the NYSE American; and the Company's
other future plans and expectations. Such statements and
information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or
achievements of the company, its projects, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements or information. Such statements can be identified by the
use of words such as "may", "would", "could", "will", "intend",
"expect", "believe", "plan", "anticipate", "estimate", "scheduled",
"forecast", "predict" and other similar terminology, or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. These statements reflect
the Company's current expectations regarding future events,
performance and results and speak only as of the date of this
release.
Forward-looking statements and information involve significant
risks and uncertainties, should not be read as guarantees of future
performance or results and will not necessarily be accurate
indicators of whether or not such results will be achieved. A
number of factors could cause actual results to differ materially
from the results discussed in the forward-looking statements or
information, including, but not limited to: material adverse
changes, unexpected changes in laws, rules or regulations, or their
enforcement by applicable authorities; the failure of parties to
contracts with the company to perform as agreed; social or labour
unrest; changes in commodity prices; and the failure of exploration
programs or studies to deliver anticipated results or results that
would justify and support continued exploration, studies,
development or operations. For a more detailed discussion of
such risks and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements, refer to i-80's filings with Canadian
securities regulators, including the most recent Annual Information
Form, available on SEDAR+ at www.sedarplus.ca.
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SOURCE i-80 Gold Corp
