RENO,
Nev., July 4,
2022 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE:
IAUX) ("i-80", or the "Company") has
announced that, as required under the Company's previously
completed financing, it has filed a preliminary short form base
shelf prospectus with securities regulatory authorities in
Canada and a corresponding shelf
registration statement on Form F-10 (the "Registration Statement")
with the U.S. Securities and Exchange Commission (the "SEC") under
the U.S./Canada Multijurisdictional Disclosure System.
"The filing of the base shelf prospectus is a routine filing
that fulfills a contractual obligation related to a previously
completed financing arrangement. The Company currently has a robust
cash and restricted cash balance of approximately US$130 million and we are not actively raising
new capital at this time.", commented Ryan
Snow, i-80's Chief Financial Officer.
The Registration Statement filed with the SEC has not yet become
effective. No securities may be sold, nor may offers to buy be
accepted, prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or a solicitation of an offer to buy, nor shall there be any sale
of these securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
The base shelf prospectus and the Registration Statement contain
important detailed information about the Company. A copy of the
base shelf prospectus can be found on SEDAR
at www.sedar.com and a copy of the Registration Statement
can be found on EDGAR at www.sec.gov. A copy of the base shelf
prospectus and Registration Statement may also be obtained from the
Corporate Secretary of the Company at 1100 Russell Street, Thunder Bay, Ontario, P7B 5N2.
About i-80 Gold Corp.
i-80 Gold Corp. is a well-financed, Nevada-focused, mining company with a goal of
achieving mid-tier gold producer status through the development of
multiple deposits within the Company's advanced-stage property
portfolio anticipated to be processed at the centrally located
Lone Tree processing facility and
autoclave.
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, actual
production results and costs, results of operation outcomes and
timing of updated technical studies at the Company's mineral
projects, timing to advance mineral projects to production
and advance permitting and feasibility work on the on its mineral
projects and future production, development and exploration
results. 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: material adverse
changes, unexpected changes in laws, rules or regulations, or their
enforcement by applicable authorities; the failure of parties to
contracts with the company to perform as agreed; social or labour
unrest; changes in commodity prices; and the failure of exploration
programs or studies to deliver anticipated results or results
that would justify and support continued exploration, studies,
development or operations. For a more detailed discussion of such
risks and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements, refer to i-80's filings with Canadian and
United States securities
regulators, including the most recent Annual Information Form,
available on SEDAR at www.sedar.com and on the SEC's website
at www.sec.gov
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SOURCE i-80 Gold Corp