i-80 Gold Closes US$11.1 Million Private Placement-February 2024-www.financetom.com

i-80 Gold Closes US$11.1 Million Private Placement

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i-80 Gold Closes US$11.1 Million Private Placement

May 26, 2025 1:50 PM

06:43 AM EDT, 05/26/2025 (MT Newswires) -- i-80 Gold ( IAUX ) on Monday said it has closed a private placement of 22.2 million units at US$0.50 per unit, raising US$11.1 million.

Each unit is composed of one common share and one-half of one common share purchase warrant entitling the holder to purchase one common share for US$0.70 until Nov. 16, 2027.

The private placement and a concurrent offering generated a total of US$184 million, to be used on growth expenditures supporting the company's new development plan in Nevada and for general working capital and corporate purposes.

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