i-80 Enters into US$135 Financing Package for Nevada-Focused Mining Complex
The Financing Package, when combined with the recent equity financing completed by the Company, will place i-80 in a robust financial position to proceed with the aggressive advancement of its substantial asset portfolio detailed further below.
- The Financing Package, when combined with the recent equity financing completed by the Company, will place i-80 in a robust financial position to proceed with the aggressive advancement of its substantial asset portfolio detailed further below.
- Following completion of the Financing Package, the Company expects to have approximately $200 million in its treasury.
- "The Financing Package will position i-80 to aggressively pursue the development of the Company's portfolio of advanced-stage deposits, all located in Nevada, one of the world's most favorable mining jurisdictions", stated Ryan Snow, Chief Financial Officer of i-80.
- The Financing Package remains subject to final acceptance by the TSX upon satisfaction of customary post-closing conditions.