I-80 Gold Corp. announced that it has received $11.12 million in funding

Published: 2025-05-26 14:20:37 ET IAU.TO

Published on 05/26/2025 at 14:20

On May 26, 2025 i-80 Gold Corp. closed the transaction. Each warrant entitles the holder thereof to purchase one common share at a price of $0.70 until November 16, 2027.

Units were sold to certain directors, officers, and other current individual shareholders of the company and will be subject to a hold period of six months under applicable U.S. securities laws, as amended, and a hold period of four months plus one day under applicable Canadian securities laws, from the closing date of the Concurrent private placement. Certain directors and officers of the company purchased an aggregate of 1,825,000 units pursuant to the concurrent private placement. The transaction includes participation from individual investors, Richard Young for 1,295,000 units, Ron Clayton for 200,000 units, Paul Chawrun for 140,000 units, ohn Begeman for 50,000 units, Ryan Snow for 50,000 units, Tim George for 50,000 units, David Savarie for 20,000 units and Leily Omoumi for 20,000 units.