Business
Snowline Gold Announces Private Placement As B2gold Exercises Participation Right
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 Gold Announces Private Placement As B2gold Exercises Participation RightNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, BC / ACCESS Newswire / August 18, 2025 / SNOWLINE GOLD CORP. (TSX-V:SGD)(US OTCQB:SNWGF) ( the \"Company\" or \"Snowline\" ) is pleased to report that following the offering announced on August 14, 2025, existing shareholder B2Gold Corp. (\" B2Gold \") (TSX:BTO)(NYSE American:BTG)(NSX:B2G) will maintain its 9.9% interest in the Company via a concurrent non-brokered private placement of up to 1,123,194 common shares of the Company (the \" Common Shares \") at a price of $9.00 per Common Share for additional gross proceeds of up to C$10,108,746 (the \" Private Placement \").\"This is further endorsement from our strategic shareholder, B2Gold, as they maintain their 9.9% stake in Snowline amidst a backdrop of robust demand,\" said Scott Berdahl, CEO & Director of Snowline. \"We appreciate B2Gold's continued support and recognition of the value and growth potential of our Valley gold deposit and Yukon mineral portfolio.\"The Company intends to use the net proceeds from the Private Placement to advance the Company's projects in the Yukon Territory, as well as for working capital and general corporate purposes.The Private Placement is expected to close on or about September 4, 2025 or such other date as agreed between the Company and B2Gold, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \" U.S. Securities Act \") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.ABOUT SNOWLINE GOLD CORP.Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with mineral claim portfolio covering roughly 360,000 ha (3,600 km 2 ). The Company is advancing its Valley gold deposit-...