Update: i-80 Gold Down 10% After Upsizing Bought Deal Offering to US$160 Million-March 2024-www.financetom.com

Update: i-80 Gold Down 10% After Upsizing Bought Deal Offering to US$160 Million

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Update: i-80 Gold Down 10% After Upsizing Bought Deal Offering to US$160 Million

May 26, 2025 5:14 AM

12:08 PM EDT, 05/09/2025 (MT Newswires) -- (Updates with shares and details on the upsized offering)

i-80 GOLD ( IAUX ) was last seen down 10% after the company on Friday upsized a bought-deal share-unit offering to US$160 million from US$135 million.

The company will now sell 320-million units at US$0.50 apiece. i-80 Gold ( IAUX ) granted to the underwriters an over-allotment option to buy an additional 15% of the base offering, that could bring additional proceeds of up to US$24 million.

Each US$0.50 unit is made up of a share and one-half of a 30-month warrant to buy a second share for US$0.70.

Proceeds will be used on growth expenditures in support of i-80's new development plan in Nevada and for general corporate purposes. The offering is expected to close on or about May 16.

Shares of the company were last seen down $0.08 at $0.75 on the Toronto Stock Exchange.

Price: 0.75, Change: -0.08, Percent Change: -9.64

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