New insider Seaman John William claimed ownership of 243,442 shares (SEC Form 3)
$IAUX
Precious Metals
Basic Materials
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 01/01/2025 |
3. Issuer Name and Ticker or Trading Symbol
i-80 Gold Corp. [ IAUX ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Shares | 243,442 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Options (Right to Buy) | (1) | 03/10/2025 | Common Shares | 40,000 | $0.86(2) | D | |
| Stock Options (Right to Buy) | (1) | 04/26/2026 | Common Shares | 50,000 | $2.14(3) | D | |
| Stock Options (Right to Buy) | (1) | 02/04/2027 | Common Shares | 47,887 | $2.05(4) | D | |
| Stock Options (Right to Buy) | (5) | 02/22/2028 | Common Shares | 35,811 | $2.37(6) | D | |
| Deferred Share Units(7) | (8) | (9) | Common Shares | 18,204 | $0 | D | |
| Deferred Share Units(7) | (10) | (9) | Common Shares | 15,756 | $0 | D | |
| Deferred Share Units(7) | (11) | (9) | Common Shares | 57,692 | $0 | D | |
| 8% Convertible Debentures due February 22, 2027 | (12) | 02/22/2027 | Common Shares | (12) | $3.38 | D | |
| Explanation of Responses: |
| 1. Stock options are fully vested. |
| 2. Converted from the exercise price of C$1.18 at C$1.00=US$0.7283. |
| 3. Converted from the exercise price of C$2.66 at C$1.00=US$0.8057. |
| 4. Converted from the exercise price of C$2.62 at C$1.00=US$0.7838. |
| 5. Stock options were granted on February 22, 2023 and vest as follows: one-third on February 22, 2023, one-third on February 22, 2024, and one-third on February 22, 2025. |
| 6. Converted from the exercise price of C$3.21 at C$1.00=US$0.7384. |
| 7. Each Deferred Share Unit ("DSU") is the economic equivalent of one of the Issuer's common shares. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until the separation of the reporting person as a director of the Issuer. |
| 8. The DSUs vested immediately upon issuance. |
| 9. The DSUs do not expire. |
| 10. The DSUs were granted on February 22, 2023 and vest as follows: one-third on September 1, 2023, one-third on September 1, 2024, and one-third on September 1, 2025. |
| 11. The DSUs were granted on February 22, 2024 and vest as follows: one-third on September 1, 2024, one-third on September 1, 2025, and one-third on September 1, 2026. |
| 12. Represents $50,000 in principal secured convertible debentures maturing February 22, 2027. Debentures are convertible at the option of the reporting person prior to the maturity date. Outstanding principal shall convert into common shares at $3.38 per share. Accrued and unpaid interest shall convert into common shares at the market price of the common shares. |
| John Seaman | 12/29/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||