i-80 Announces C$86M Bought Deal Public Offering of Units at C$1.65/Unit
Portfolio Pulse from Benzinga Newsdesk
i-80 Gold Corp. (IAUX) has announced a C$86M bought deal public offering of units at C$1.65 per unit. The offering includes 51,882,000 units, each consisting of one common share and half a warrant, with each whole warrant allowing the purchase of one common share at C$2.15 for 48 months post-closing.
April 08, 2024 | 11:18 am
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i-80 Gold Corp. announces a significant public offering, potentially diluting current shares but providing capital for growth.
The offering could lead to short-term dilution of shares, potentially impacting the stock price negatively. However, the capital raised is likely aimed at funding growth initiatives, which could have a positive long-term impact. The immediate market reaction could be mixed, reflecting both the dilution concern and optimism for growth.
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IMPORTANCE 90
RELEVANCE 100