#Canada #Toronto #Convertible Debentures #i-80 Gold #Interest Election

i-80 Gold Extends Deadline for Debentureholders to Convert Interest

Introduction
i-80 Gold Corp., a prominent name in the Nevada mining sector, has announced a crucial update regarding its 8% secured convertible debentures. In an effort to provide fairness to investors, the company has elongated the window for holders of these financial instruments to convert their accrued unpaid interest into common shares. This initiative comes in tandem with the mandatory redemption of these debentures, highlighting the company's commitment to transparency and investor relations.

Details of the Extension
As previously mentioned, the deadline for debentureholders to submit their interest conversion election notices has now been set for 5:00 PM EST on March 6, 2026. Ryan Snow, Chief Financial Officer at i-80 Gold, emphasized the importance of this extension, stating that it aims to give investors ample time to weigh their options before making decisions. This extension not only reflects the company's dedication to shareholder welfare but also upholds the principle of conducting financial matters in a fair, orderly manner.

Submitting the Interest Election Notices
Holders of the convertible debentures must complete the share interest election notice and return it to i-80 Gold via the TSX Trust Company. Those interested should be proactive, especially if their debentures are held through an intermediary, such as a bank or investment dealer, as these entities may have their own internal deadlines. The completion of this process is crucial, as the conversion price of the debentures will depend on the trading price of i-80 Gold's common shares on the TSX in the days leading up to when the election notice is received, along with a 15% discount.

Implications for Debentureholders
Debentureholders should be aware that if they do not submit their Interest Election Notice by the set deadline, they will receive cash payments for the accrued and unpaid interest on their debentures, as stipulated in their terms. Once submitted, election notices are irrevocable, and previous submissions cannot be undone, simplifying the process for the company while holding investors accountable for their decisions.

i-80 Gold's Commitment
With this step, i-80 Gold reinforces its position as a transparent and responsible player in the mining industry. The company is known for holding a significant share of gold mineral resources in Nevada and continuing to implement a strategic development plan to maximize its assets. The extension of the conversion deadline is a part of their larger strategy to foster investor confidence and maintain a robust relationship with its shareholders.

Conclusion
In conclusion, the extension of the deadline for interest conversion submissions represents more than just a financial maneuver; it is an essential element of i-80 Gold’s approach to maintaining investor trust and engagement. This adjustment will allow debentureholders additional time to consider their options, ensuring a smoother transition during the company's ongoing redemption process. As March 6 approaches, it is imperative for holders to act promptly and ensure their voices are heard in this significant financial decision.