Planned financing packages will complement Company’s strong balance sheet All currencies expressed as United States dollars unless otherwise stated i-80 Gold Corp. is very pleased to announce that it has entered into definitive agreements to create a comprehensive Nevada mining complex through an asset exchange agreement to acquire certain processing infrastructure, including an autoclave, and the Lone Tree and …
Planned financing packages will complement Company’s strong balance sheet
All currencies expressed as United States dollars unless otherwise stated
i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) (“i-80”, or the “Company”) is very pleased to announce that it has entered into definitive agreements to create a comprehensive Nevada mining complex through an asset exchange agreement to acquire certain processing infrastructure, including an autoclave, and the Lone Tree and Buffalo Mountain gold deposits from Nevada Gold Mines LLC (“NGM”) via an asset exchange in consideration for: (i) the Company’s 40% ownership in the South Arturo Property which will consolidate 100% ownership of South Arturo in NGM, providing NGM with flexibility to pursue potential operational synergies with NGM’s other Nevada properties; (ii) assignment of i-80’s option to acquire the adjacent Rodeo Creek exploration property; (iii) contingent consideration of up to $50 million based on production from the Lone Tree property; and (iv) arrangement of substitute bonding (and release of NGM bonds) in...
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