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Snowline Gold Announces On-Market Transaction by B2Gold Increasing Ownership Stake to 9.9%
VANCOUVER, BC / ACCESSWIRE / June 6, 2023 / Snowline Gold Corp. (TSX-V:SGD)(OTCQB:SNWGF) (the " ...
About this update from Snowline Gold Corp.
[{"type":"text","content":"Snowline Gold Announces On-Market Transaction by B2Gold Increasing Ownership Stake to 9.9%VANCOUVER, BC / ACCESSWIRE / June 6, 2023 / Snowline Gold Corp. (TSX-V:SGD)(OTCQB:SNWGF) (the \"Company\" or \"Snowline\") is pleased to announce that B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (\"B2Gold\") has increased their ownership stake in the Company to 9.90% by way of an on-market transaction. B2Gold has also agreed to vote their common shares in accordance with Snowline Board's recommendations. Snowline has agreed to grant B2Gold an increase in their right to maintain their pro rata ownership of up to 9.90% (formerly up to 5.00%) in connection with future equity financings.ABOUT SNOWLINE GOLD CORP.Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a project portfolio covering >280,000 ha. The Company's flagship, district-scale Rogue Project hosts the Valley discovery, a bulk-tonnage, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as Kinross's Fort Knox Mine in Alaska and Victoria Gold's Eagle Mine in the Yukon. Early drill results demonstrate unusually high gold grades for such a system, present near surface across drill intersections of hundreds of metres. In addition to Valley, the Company's first-mover land position, extensive exploration database and active operations provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.ON BEHALF OF THE BOARDScott Berdahl, MSc, MBA, PGeoCEO & DirectorFor further information, please contact:Snowline Gold Corp.+1 778 650 [email protected] NOTE REGARDING FORWARD-LOOKING STATEMENTSThis news release contains certain forward-looking statements, including statements regarding the Company having a highly prospective land portfolio boasting district-scale, untapped greenfield potential, the granting of certain rights to B2Gold to maintain their pro rata ownership interest in the Company, the granting of a \"vote-with-management\" provision to Snowline, the opportunity for investors to participate in the creation of a new gold district, and the Company's future plans and intentions. Wherever possible, words such as \"may\", \"will\", \"should\", \"could\", \"expect\", \"plan\", \"intend\",...