Filing Details

Accession Number:
0001062993-24-012021
Form Type:
13G Filing
Publication Date:
2024-06-05 20:00:00
Filed By:
Mmcap International Inc. Spc
Company:
I-80 Gold Corp.
Filing Date:
2024-06-06
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
MMCAP International Inc. SPC 0 25,248,894 0 25,248,894 25,248,894 6.48%
MM Asset Management Inc 0 25,248,894 0 25,248,894 25,248,894 6.48%
Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

i-80 Gold Corp.

(Name of Issuer)


Common Shares, no par value

(Title of Class of Securities)


44955L106

(CUSIP Number)


May 29, 2024

(Date of Event Which Requires Filing of This Statement)

Check the Appropriate box to designate the rule pursuant to which this schedule is filed:

 Rule 13d-1(b)

 Rule 13d-1(c)

 Rule 13d-1(d)

CUSIP No. 44955L106

 

Page 2 of 7 Pages


1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

 
  MMCAP International Inc. SPC

 
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) 
(b) 
            


3 SEC USE ONLY  
            


4 CITIZENSHIP OR PLACE OF ORGANIZATION  
  Cayman Islands

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5 SOLE VOTING POWER
 
0
6 SHARED VOTING POWER
 
25,248,894*
7 SOLE DISPOSITIVE POWER
 
0
8 SHARED DISPOSITIVE POWER
 
25,248,894*
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
  25,248,894*

 
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
            


11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
  6.48%**

 
12 TYPE OF REPORTING PERSON  
  CO

 

Footnotes:

*Consists of 20,714,950 common shares and warrants to acquire an additional 4,533,944 common shares. 

**The percentages used herein are calculated based on 384,896,725 outstanding common shares of the Issuer as of May 15, 2024, plus 4,533,944 common shares underlying warrants, which are beneficially owned by the reporting persons and included pursuant to Rule 13d-3(d)(1)(i) of the Securities Exchange Act of 1934, as amended.

CUSIP No. 44955L106

 

Page 3 of 7 Pages


1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

 
  MM Asset Management Inc.

 
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) 
(b) 
            


3 SEC USE ONLY  
            


4 CITIZENSHIP OR PLACE OF ORGANIZATION  
  Ontario, Canada

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5 SOLE VOTING POWER
 
0
6 SHARED VOTING POWER
 
25,248,894
7 SOLE DISPOSITIVE POWER
 
0
8 SHARED DISPOSITIVE POWER
 
25,248,894
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
  25,248,894

 
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
            


11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
  6.48%

 
12 TYPE OF REPORTING PERSON  
  CO

 

Footnotes:

*Consists of 20,714,950 common shares and warrants to acquire an additional 4,533,944 common shares. 

**The percentages used herein are calculated based on 384,896,725 outstanding common shares of the Issuer as of May 15, 2024, plus 4,533,944 common shares underlying warrants, which are beneficially owned by the reporting persons and included pursuant to Rule 13d-3(d)(1)(i) of the Securities Exchange Act of 1934, as amended.

CUSIP No. 44955L106

 

Page 4 of 7 Pages

Item 1 (a). Name of Issuer:

i-80 Gold Corp. (the "Issuer")

Item 1 (b). Address of Issuer's Principal Executive Offices:

5190 Neil Road, Suite 110, Reno, NV, 89820, United States of America

Item 2 (a). Name of Person Filing:

i) MMCAP International Inc. SPC

ii) MM Asset Management Inc.

Item 2 (b). Address of Principal Business Office or, if None, Residence:

i) c/o Mourant Governance Services (Cayman) Limited

94 Solaris Avenue

Camana Bay, P.O. Box 1348
Grand Cayman, KY1-1108, Cayman Islands

ii) 161 Bay Street

TD Canada Trust Tower Suite 2240

Toronto, ON M5J 2S1 Canada

Item 2 (c). Citizenship:

i) Cayman Islands
ii) Ontario, Canada

Item 2 (d). Title of Class of Securities:

Common Shares, no par value

Item 2 (e). CUSIP Number:

44955L106

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 (a)  Broker or dealer registered under Section 15 of the Act;

 (b)  Bank as defined in Section 3(a)(6) of the Act;

 (c)  Insurance Company as defined in Section 3(a)(19) of the Act;

 (d)  Investment Company registered under Section 8 of the Investment Company Act;

 (e)  Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 (f)  Employee benefit plan or endowment plan in accordance with Rule 13d-1(b)(1)(ii)(F);

 (g)  Parent holding company or control person, in accordance with Rule 13d-1(b)(1)(ii)(G);

 (h)  A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

CUSIP No. 44955L106

 

Page 5 of 7 Pages

 (i)  A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940:

 (j)  Group, in accordance with Rule 13d-1(b)(1)(ii)(j).

  If this statement is filed pursuant to Rule 13d-1(c), check this box.

Item 4. Ownership.

 Provide the following information regarding the aggregate number and percentage of the class of securities identified in Item 1.

 (a) Amount beneficially owned: 25,248,894

 (b) Percent of class:  6.48%

 (c) Number of shares as to which such person has:

 (i) Sole power to vote or to direct the vote:  0

 (ii) Shared power to vote or to direct the vote:  25,248,894

 (iii) Sole power to dispose or to direct the disposition of:  0

 (iv) Shared power to dispose or to direct the disposition of: 25,248,894

Footnotes:

*Consists of 20,714,950 common shares and warrants to acquire an additional 4,533,944 common shares. 

**The percentages used herein are calculated based on 384,896,725 outstanding common shares of the Issuer as of May 15, 2024, plus 4,533,944 common shares underlying warrants, which are beneficially owned by the reporting persons and included pursuant to Rule 13d-3(d)(1)(i) of the Securities Exchange Act of 1934, as amended.

Instruction.  For computations regarding securities which represent a right to acquire an underlying security, see Rule 13d-3(d)(1).

Item 5. Ownership of Five Percent or Less of a Class.

 If the statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [  ].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 N/A

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

 N/A

Item 8. Identification and Classification of Members of the Group.

 N/A

CUSIP No. 44955L106

 

Page 6 of 7 Pages

Item 9. Notice of Dissolution of Group.

 N/A

Item 10. Certification.  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

 After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

MMCAP International Inc. SPC

 

 

Date: June 6, 2024

By: /s/ Ulla Vestergaard                                       

   

 

      Name: Ulla Vestergaard

      Title: Director

 

 

   
   
   

 

 

 

MM Asset Management Inc.

 

 

Date: June 6, 2024

By: /s/ Hillel Meltz                                              

   

 

      Name: Hillel Meltz

      Title: President


CUSIP No. 44955L106

 

Page 7 of 7 Pages

EXHIBIT 1

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

Dated: June 6, 2024

 

MMCAP International Inc. SPC

 

 

 

By: /s/ Ulla Vestergaard                                       

   

 

      Name: Ulla Vestergaard

      Title: Director

 

 

   
   
   

 

 

 

MM Asset Management Inc.

 

 

 

By: /s/ Hillel Meltz                                              

   

 

      Name: Hillel Meltz

      Title: President