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. 31,
2025 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE:
IAUX) ("i-80", or the "Company") is pleased to
announce that it has closed its previously announced
prospectus offering of 28,212,593 common shares of the Company (the
"Offered Shares") at a price of C$0.80 per Offered Share for aggregate gross
proceeds to the Company of approximately C$22,570,074 (the "Offering").
The Offered Shares were offered in each of the provinces and
territories of Canada, other than
Québec, pursuant to a prospectus supplement dated January 27, 2025 (the "Prospectus
Supplement") to its short form base shelf prospectus filed on
June 21, 2024 (the "Shelf
Prospectus") and in the United
States 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. Copies of the Prospectus Supplement and
the Shelf Prospectus and documents incorporated by reference
therein are available electronically under i-80's issuer profile on
SEDAR+ at www.sedarplus.ca and on i-80's profile on EDGAR at
www.sec.gov.
The Company anticipates that its previously announced concurrent
private placement offering to certain directors and officers of the
Company, as described in its news release dated January 27, 2025, is expected to close in the
first week of February 2025, subject
to the receipt of all required regulatory approvals, including the
approval of the Toronto Stock Exchange and the NYSE American.
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 private placement within the announced
timeline; the Company's ability to obtain the approval of the
Toronto Stock Exchange and the NYSE American for the private
placement; 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/i-80-gold-closes-previously-announced-upsized-prospectus-offering-302365674.html
SOURCE i-80 Gold Corp
