Snowline Gold Raises C$20 Million through Flow-Through Share Offering

Snowline Gold Corp. has secured C$20.025 million through a fully subscribed private placement of flow-through shares. The offering involved 1,875,000 charity flow-through common shares at C$10.68 each. Existing shareholder B2Gold Corp. participated to maintain its 9.9% stake. The funds will be directed towards Canadian exploration expenses in the Yukon Territory.

The financing round was led by a syndicate of underwriters, including Cormark Securities Inc. and others, earning a 5% commission on proceeds. Shares are subject to a four-month hold period as per Canadian securities laws. The TSX Venture Exchange's final acceptance is pending.

The raised capital will support the advancement of the Rogue Project's Valley deposit, enabling flexibility for potential new discoveries and opportunities. Snowline aims to utilize its strategic position within the Tintina Gold Province to explore and develop its assets further.