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On February 3, 2023, i-80 Gold Corp. (TSX, NYSE) expanded its private placement offering due to strong investor demand. The revised deal raised the offering to US$65 million through secured convertible debentures, providing additional capital for the company. Sprott Capital Partners and CIBC Capital Markets acted as Co-Lead Agents for the "best efforts" offering.
Bennett Jones and Dorsey & Whitney advised i-80 on the transaction. Fasken, led by Bradley Freelan, with a team including John Turner, Florind Polo, Thomas Meagher, Nazish Mirza, Niel Jacobs, and Greer Tanzer, served as legal counsel to Sprott Capital Partners LP and CIBC Capital Markets.
Parties
Company
i-80 GOLD CORP.
Company
Sprott Capital Partners LP
Bank
CIBC Capital Markets
Deal Type
Public/Private OfferingIndustry
MiningTransaction
$ 65,000,000Deal Status
ClosedClosing Date
23 February 2023