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.
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