i-80 Gold Corp (TSE:IAU) has released an update.
i-80 Gold Corp. has announced a significant expansion of their financing, increasing their offering on April 8, 2024, to 60,607,000 units for a total of C$100,001,550 in gross proceeds. Each unit includes a common share and a warrant, with the latter allowing the purchase of an additional share at a set price over four years. The proceeds from this offering, which is set to close on April 25, 2024, will fund the development of the company’s mineral properties and general corporate activities.
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