i-80 Gold Corp. has successfully closed a concurrent private placement, issuing 22,240,000 units at a price of US$0.50 per unit, raising gross proceeds of US$11,120,000. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at US$0.70 until November 16, 2027. The funds are intended for growth expenditures supporting i-80's new development plan in Nevada and general corporate purposes. Certain directors and officers, collectively referred to as "Insiders," acquired a significant portion of the units, demonstrating confidence in the company's strategic direction and growth potential.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. I-80 Gold Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-131935), on May 30, 2025, and is solely responsible for the information contained therein.