IPO - i-80 Gold Corp.
Form Type: 8-K
Filing Date: 2025-05-16
Corporate Action: Ipo
Type: New
Accession Number: 000119312525121092
Filing Summary: On May 13, 2025, i-80 Gold Corp. entered into an Underwriting Agreement with National Bank Financial Inc. related to a public offering of 320,000,000 units, each consisting of one common share and one-half of a common share purchase warrant, at a price of $0.50 per unit. An additional option allows underwriters to purchase up to 25,760,000 additional units and other shares within 30 days. The net proceeds are expected to be approximately $164.2 million, which will fund development across key projects and settle prepayments. The closing of the Offering is scheduled for May 16, 2025. Concurrently, a private placement offering of up to 22,240,000 additional units at the same price is planned, independent of the public offering. The Offering and the Concurrent Private Placement are detailed, including terms for the warrants, listings on exchanges, and compliance with securities regulations.
Additional details:
Underwriting Agreement Date: 2025-05-13
Offering Units: 320000000
Unit Price: 0.50
Exercise Price Per Warrant: 0.70
Warrant Expiration Duration Months: 30
Net Proceeds Amount: 164.2 million
Additional Units Exercisable: 25760000
Concurrent Private Placement Units: 22240000
Concurrent Private Placement Price: 0.50
Form Type: 8-K
Filing Date: 2025-01-31
Corporate Action: Ipo
Type: New
Accession Number: 000106299325001406
Filing Summary: On January 31, 2025, i-80 Gold Corp. closed an offering of common shares through subscription agreements with investors. A total of 28,212,593 shares were sold at a price of C$0.80 each, resulting in gross proceeds of approximately C$22,570,074. This offering was executed under the Company's shelf registration statement on Form F-10, which had been effective since June 25, 2024. The Offering details were filed on January 30, 2025, as part of Form 8-K, indicating significant activity in capital raising for the company.
Additional details:
Offered Shares: 28212593
Offering Price: C$0.80
Aggregate Gross Proceeds: C$22,570,074
Offering Closed Date: 2025-01-31
Form Type: SUPPL
Filing Date: 2025-01-27
Corporate Action: Ipo
Type: New
Accession Number: 000106299325001122
Filing Summary: i-80 Gold Corp. filed a prospectus supplement to its base shelf prospectus dated June 21, 2024, for a public offering of common shares. The minimum offering is set at C$14,400,000 for 18,000,000 common shares, while the maximum offering is C$29,000,000 for 36,250,000 shares, priced at C$0.80 per share. This supplement outlines a concurrent private placement offering of subscription receipts amounting to up to C$803,367. The company anticipates closing both offerings around January 31, 2025, provided it receives necessary regulatory approvals, including from the TSX and NYSE American. The offering will proceed only if at least the minimum offering is subscribed. Investors are advised about significant risks tied to the investment, as outlined throughout the document.
Additional details:
Minimum Offering: C$14,400,000
Maximum Offering: C$29,000,000
Offering Price: C$0.80
Subscription Receipts Amount: C$803,367
Concurrent Private Placement: 1,004,208 subscription receipts
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