Equinox gold announces bought deal private placement secondary offering of i-80 gold units

Vancouver, british columbia, march 07, 2023 (globe newswire) -- equinox gold corp. (tsx: eqx, nyse american: eqx) (“equinox gold” or the “company”) is pleased to announce it has entered into an agreement with a syndicate of underwriters pursuant to which the underwriters have agreed to purchase, on a bought deal private placement basis, 11,600,000 units (the “units”) at a price of c$2.76 per unit for gross proceeds to equinox gold of c$32,016,000 (the “offering”). each unit consists of one common share of i-80 gold corp. (tsx: iau, nyse american: iaux) (“i-80 gold”) owned directly and indirectly by equinox gold and one-half of one common share purchase warrant of i-80 gold (collectively, the ”securities”), with each whole warrant exercisable to purchase one common share of i-80 gold owned directly and indirectly by equinox gold at a price of c$3.45 per share for a period of 12 months following closing of the offering. in the event all warrants are exercised, the total gross proceeds to equinox gold would be c$52,026,000. the securities are being sold pursuant to exemptions from the canadian prospectus requirements and will be subject to a four-month hold period.
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