I-80 Gold completed the mandatory redemption of its 8% secured convertible debentures due 2027 with a total cash payment of USD 73 million. The redemption included USD 65 million of principal and about USD 5.3 million of accrued interest, with about 70% of holders electing to receive accrued interest in shares. The company issued about 8.1 million common shares to debenture holders as part of the interest distribution. I-80 Gold also repaid in full Orion’s Gold Prepay Agreement and convertible loan instruments for a total payout of USD 92 million. An additional 3 million common shares were issued to Orion as part of the early redemption.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. I-80 Gold Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603160910PR_NEWS_USPR_____TO10540) on March 16, 2026, and is solely responsible for the information contained therein.
Comments