i-80 Gold Acquires Getchell Project Owner Osgood Mining from Waterton
April 15, 2021
i-80 Gold Corp., through its wholly owned Delaware subsidiary Premier Gold Mines USA, Inc., completed the acquisition of all membership interests of Osgood Mining Company LLC — owner of the Getchell Project near Winnemucca, Nevada — from affiliates of Waterton Global Resource Management. Consideration included US$23.0 million cash (part of a US$50 million package of cash, shares, warrants and contingent value rights), 13,036,846 common shares, warrants and contingent payments tied to production milestones; i-80 plans an extensive drill program and a PEA for the project.
- Buyers
- i-80 Gold Corp., Premier Gold Mines USA, Inc.
- Targets
- Osgood Mining Company LLC (Getchell Project)
- Sellers
- Affiliates of Waterton Global Resource Management, Inc.
- Industry
- Industrial Services
- Location
- Nevada, United States
- Transaction Type
- Buyout
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