0001193125-26-227244
SEC filingi-80 Gold Corp. filed a Warrant Indenture dated May 1, 2024, providing for up to 34,849,025 warrants exercisable at $2.15 per common share until May 1, 2028, as part of a public unit offering.
The Warrant Indenture formalizes the terms for up to 34,849,025 warrants issued as part of a bought deal public offering closed via an underwriting agreement dated April 11, 2024, with lead underwriters National Bank Financial Inc., Canaccord Genuity Corp., and Stifel Nicolaus Canada Inc., among others. Each unit consisted of one common share and one-half warrant, with the over-allotment option allowing up to an additional 9,091,050 units. Warrants are exercisable into common shares at $2.15 in Canadian funds, with standard adjustments for corporate events like stock splits or reorganizations. Exercise is prohibited for U.S. persons without certification, reflecting compliance with applicable securities laws. The indenture includes provisions for book-entry warrants via CDS, certificated forms, and protections for the warrant agent. This structure supports potential future dilution upon exercise, providing the company with equity financing flexibility through May 1, 2028.