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RENO,
Nev., Feb. 7, 2024 /CNW/ - i-80 GOLD CORP.
(TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is
pleased to announce that the Company has launched a non-brokered
private placement (the "Offering") of up to 10,000,000
common shares of the Company (the "Common Shares") at a
price of C$1.80 per Common Share for
aggregate gross proceeds of up to approximately C$18 million.
The net proceeds of the Offering will be used for exploration
and development of the Company's mineral projects in Nevada, and for working capital and general
corporate purposes.
The Offering is scheduled to close on or about February 16, 2024, or such other date as the
Company may determine and is subject to satisfaction of certain
conditions including, but not limited to, the receipt of all
necessary regulatory and other approvals including that of the
Toronto Stock Exchange ("TSX") and the NYSE American
("NYSE"). The securities issued pursuant to the Offering
will be subject to a four-month plus one day hold period commencing
on the day of the closing of the Offering under applicable Canadian
securities laws.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused, mining company with a goal of
achieving mid-tier gold producer status through the development of
multiple deposits within the Company's advanced-stage property
portfolio with processing at i-80's centralized milling facilities.
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.
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, the
timing and completion of the Offering, the anticipated closing date
of the Offering, the ability to obtain all necessary regulatory
approvals, including the approval of the TSX and the NYSE and the
potential of the Company's properties. 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.
SOURCE i-80 Gold Corp
