RENO, Nev., Aug. 26, 2021 /PRNewswire/ - i-80 Gold Corp.
("i-80", "the Company") (TSX: IAU) is pleased to
announce that its application to the OTC Markets Group for the
Company's common shares to begin trading on the OTCQX Best Market
has been accepted. On Thursday August 26,
2021, the Company's Common Shares will begin trading on the
OTCQX Best Market under the ticker symbol IAUCF after
qualifying for an upgrade from the Pink market. The listing is
expected to make the Company's shares more widely available to
North American investors.
"This is exciting news for the Company and will allow for a
broad set of shareholders to invest in i-80. We are pleased to be
accepted onto the OTCQX and believe this is the next step in
unlocking the value of our Nevada
focused mining company", stated, Ryan
Snow, Chief Financial Officer of i-80.
The OTCQX was created in 2010 and is recognized as an
"Established Public Market" by the U.S. Securities and Exchange
Commission (the "SEC") and is a leading market for US and
international companies in the entrepreneurial and development
stage. The OTCQX Best Market is the highest market tier of OTC
Markets on which 11,000 U.S. and global securities trade and, as a
verified market with efficient access to US investors, the OTCQX
helps companies build shareholder value with a goal of enhancing
liquidity. No common shares will be issued as part of the
listing and the Company's common shares will continue to trade on
the TSX under the symbol IAU as the Company's primary
listing.
The Company believes that having its common shares traded on the
OTCQX will provide enhanced investor benefits, including easier
trading access for investors located in the US, and greater
liquidity. Stifel, Nicolaus & Company, Incorporated acted as
the Company's OTCQX sponsor on the listing.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused gold company focused on
achieving mid-tier gold producer status through the continued
development of its high-quality assets. The Company continues to
produce gold from its 40%-owned South Arturo Property and is
actively advancing an underground development program for the
Granite Creek Project. i-80 is well financed with approximately
$70 million in cash and
equivalents.
Certain statements in this release constitute "forward-looking
statements" or "forward-looking information" within the meaning of
applicable securities laws, including but not limited to,
commencement of trading of i-80 Gold on the OTCQX and the
anticipated benefits from trading on the OTCQX. Such statements and
information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or
achievements of the company, its projects, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements or information. Such statements can be identified by the
use of words such as "may", "would", "could", "will", "intend",
"expect", "believe", "plan", "anticipate", "estimate", "scheduled",
"forecast", "predict" and other similar terminology, or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. These statements reflect
the Company's current expectations regarding future events,
performance and results and speak only as of the date of this
release.
Forward-looking statements and information involve significant
risks and uncertainties, should not be read as guarantees of future
performance or results and will not necessarily be accurate
indicators of whether or not such results will be achieved. A
number of factors could cause actual results to differ materially
from the results discussed in the forward-looking statements or
information, including, but not limited to those listed in our
Annual Information Form for the year ended December 31, 2020 under the heading "Risk
Factors" which is available on SEDAR.
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SOURCE i-80 Gold Corp