i-80 GOLD CORP. (TSX: IAU)
("i-80", or the "Company") is pleased to announce that, together with its wholly-owned Delaware subsidiary Premier Gold Mines USA, Inc. ("
PG USA"), it completed the previously announced purchase agreement with affiliates of
Waterton Global Resource Management, Inc. ("
Waterton") to acquire from Waterton all of the outstanding membership interests of Osgood Mining Company LLC ("
Osgood"). Osgood is the owner of the Getchell Project in the Getchell gold belt near Winnemucca, Nevada ("
Getchell" or the "
Getchell Project") for consideration consisting of US$50 million in cash and common shares, plus contingent value rights and warrants as described in more detail below (the "Transaction").