Parties
Company
i-80 GOLD CORP.
Company
Sprott Capital Partners LP
Bank
CIBC Capital Markets
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.
Deal Type
Public/Private OfferingIndustry
MiningTransaction
$ 65,000,000Deal Status
ClosedClosing Date
23 February 2023