UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of: April, 2024
Commission file number: 001-41382
i-80 Gold Corp.
(Translation of registrant's name into English)
55190 Neil Road, Suite 460, Reno, NV 89502
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover: [ ] Form 20-F [ x ] Form 40-F
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Date: May 20, 2024
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/s/ Matthew Gili
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Matthew Gili
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President & Chief Operating Officer
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Corporation
i-80 Gold Corp. (the "Company")
Suite 460, 5190 Neil Road,
Reno, Nevada, 89602
USA
Item 2. Date of Material Change
April 8, 2024
Item 3. News Release
News releases announcing the material change referred to in this material change report were disseminated by the Company on April 8, 2024, through Newswire, and were subsequently filed on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile.
Item 4. Summary of Material Change
On April 8, 2024, the Company entered into an agreement with National Bank Financial Inc., as lead underwriter and sole bookrunner (the "Lead Underwriter"), on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters agreed to purchase, on a "bought deal" basis, 51,882,000 units of the Company ("Units") at a price of C$1.65 per Unit (the "Offering Price") for aggregate gross proceeds of C$85,605,300. Subsequently on April 8, 2024, the Company and the Lead Underwriter amended the terms of the agreement to increase the size of the offering to 60,607,000 Units and aggregate gross proceeds of C$100,001,550 (the "Offering").
Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a "Warrant Share") at a price of C$2.15 per Warrant Share for a period of 48 months following the closing of the Offering.
The Company has also granted to the Underwriters an over-allotment option to purchase an additional 15% of the base Offering (the "Over-Allotment Option"), for additional gross proceeds to the Company of up to C$15,000,233, to acquire Units, Common Shares and/or Warrants (or any combination thereof), at the Underwriters' discretion, which shall be exercisable by the Underwriters, in whole or in part, for a period of 30 days from and including the closing date.
Item 5. Full Description of Material Change
On April 8, 2024, the Company entered into an agreement with the Lead Underwriter, as lead underwriter and sole bookrunner on behalf of a syndicate of Underwriters, pursuant to which the Underwriters agreed to purchase, on a "bought deal" basis, 51,882,000 Units at the Offering Price for aggregate gross proceeds of C$85,605,300. Subsequently on April 8, 2024, the Company and the Lead Underwriter amended the terms of the agreement to increase the size of the Offering to 60,607,000 Units and aggregate gross proceeds of C$100,001,550.
Each Unit is comprised of one Common Share and one-half of one Warrant. Each Warrant will entitle the holder thereof to purchase one Warrant Share at a price of C$2.15 per Warrant Share for a period of 48 months following the closing of the Offering.
The Company has also granted to the Underwriters an Over-Allotment Option to purchase an additional 15% of the base Offering, for additional gross proceeds to the Company of up to C$15,000,233, to acquire Units, Common Shares and/or Warrants (or any combination thereof), at the Underwriters' discretion, which shall be exercisable by the Underwriters, in whole or in part, for a period of 30 days from and including the closing date.
The net proceeds of the Offering, inclusive of the Over-Allotment Option (if exercised), will be used to advance the development of the Company's mineral properties and for general corporate purposes, as more particularly described in the short form prospectus. The Units will be offered in all provinces of Canada, except for Québec, by way of a short form prospectus, and in the United States to "qualified institutional buyers" pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada in accordance with applicable law.
The Offering is expected to close on or about April 25, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE American.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws unless an exemption from such registration is available.
Item 5.2 Disclosure of Restructuring Transactions
Not applicable.
Item 6. Reliance on Subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
Not applicable.
Item 8. Executive Officer
For further information, please contact:
Ewan Downie, Chief Executive Officer
Phone: 1.866.525.6450
Email: info@i80gold.com
Item 9. Date of Report
April 10, 2024
Grafico Azioni i 80 Gold (AMEX:IAUX)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni i 80 Gold (AMEX:IAUX)
Storico
Da Gen 2024 a Gen 2025
