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Snowline Closes Oversubscribed Bought Deal Financing and Concurrent Private Placement for Gross Proceeds of $102 Million
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCO...
About this update from Snowline Gold Corp.
[{"type":"text","content":"Snowline Closes Oversubscribed Bought Deal Financing and Concurrent Private Placement for Gross Proceeds of $102 MillionNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, BC / ACCESS Newswire / September 4, 2025 / SNOWLINE GOLD CORP. (TSX-V:SGD)(US OTCQB:SNWGF) (the \"Company\" or \"Snowline\") is pleased to announce that it has completed its previously announced \"bought deal\" public offering of 10,222,200 common shares of the Company (the \"Common Shares\") at a price of $9.00 per Common Share (the \"Offering Price\") for aggregate gross proceeds of $91,999,800, including $11,999,700 from the full exercise of the underwriters' over-allotment option (the \"Offering\").The Company also completed a concurrent non-brokered private placement of 1,123,194 Common Shares at the Offering Price for additional gross proceeds of $10,108,746, pursuant to which existing shareholder B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) subscribed to maintain its 9.9% interest in the Company (the \"Private Placement\"). No commission was payable in connection with the Private Placement. The Common Shares issued in connection with the Private Placement are subject to a hold period of four months and one day from the closing of the Private Placement, in accordance with applicable Canadian securities laws, expiring on January 5, 2026.Total gross proceeds from the Offering and the Private Placement are $102,108,546.Scott Berdahl, CEO & Director of Snowline, comments: \"Our strengthened treasury is an asset in its own right, allowing us to focus for multiple years on rapid and responsible advancement of our Valley deposit alongside continued exploration across our emerging, district-scale portfolio. We are entering an exciting phase as a company as we advance a globally relevant gold discovery in a top tier jurisdiction amidst a strong market backdrop.\"The Company will use the net proceeds from the Offering and the Private Placement to advance the Company's projects in the Yukon Territory, as well as for working capital and general corporate purposes.The Offering was led by Canaccord Genuity Corp. and BMO Capital Markets, as joint bookrunners, on behalf of a syndicate of underwriters, including Cormark Securities Inc., Agentis Capital Markets, National Bank Financial Inc., CIBC World Markets Inc...