Snowline Gold Closes Fully Subscribed C$20 Million Financing Of Flow-Through Shares
Snowline Gold Corp (TSX-V:SGD)(OTC:SNWGF) has successfully completed a C$20,025,000 'bought deal' private placement, selling 1,875,000 charity flow-through common shares at C$10.68 per share. B2Gold Corp participated to maintain its 9.9% ownership stake.
The proceeds will be used for eligible Canadian exploration expenses qualifying as flow-through mining expenditures on the company's Yukon Territory projects, to be incurred by December 31, 2026, and renounced to subscribers by December 31, 2025.
The offering was led by Cormark Securities Inc. with a syndicate of underwriters receiving a 5% cash commission. Securities issued have a four-month hold period expiring August 4, 2025, pending TSX Venture Exchange final acceptance.
Snowline Gold Corp (TSX-V:SGD)(OTC:SNWGF) ha completato con successo un collocamento privato 'bought deal' del valore di C$20.025.000, vendendo 1.875.000 azioni ordinarie charity flow-through a C$10,68 per azione. B2Gold Corp ha partecipato per mantenere la sua quota di proprietà del 9,9%.
I proventi saranno utilizzati per spese di esplorazione canadesi ammissibili che qualificano come spese minerarie flow-through sui progetti della compagnia nel Territorio dello Yukon, che dovranno essere sostenute entro il 31 dicembre 2026 e rinunciate agli abbonati entro il 31 dicembre 2025.
Il collocamento è stato guidato da Cormark Securities Inc. con un sindacato di sottoscrittori che riceverà una commissione in contanti del 5%. I titoli emessi hanno un periodo di blocco di quattro mesi che scade il 4 agosto 2025, in attesa dell'accettazione finale da parte della TSX Venture Exchange.
Snowline Gold Corp (TSX-V:SGD)(OTC:SNWGF) ha completado con éxito un colocación privada 'bought deal' por un valor de C$20.025.000, vendiendo 1.875.000 acciones ordinarias charity flow-through a C$10.68 por acción. B2Gold Corp participó para mantener su participación del 9.9%.
Los ingresos se utilizarán para gastos de exploración canadienses elegibles que califiquen como gastos mineros flow-through en los proyectos de la compañía en el Territorio del Yukón, que se incurrirán antes del 31 de diciembre de 2026 y se renunciarán a los suscriptores antes del 31 de diciembre de 2025.
La oferta fue liderada por Cormark Securities Inc. con un sindicato de suscriptores que recibirá una comisión en efectivo del 5%. Los valores emitidos tienen un período de retención de cuatro meses que expira el 4 de agosto de 2025, pendiente de la aceptación final de la TSX Venture Exchange.
Snowline Gold Corp (TSX-V:SGD)(OTC:SNWGF)는 C$20,025,000 규모의 'bought deal' 사모 배정을 성공적으로 완료하였으며, C$10.68에 1,875,000주의 자선 플로우스루 보통주를 판매하였습니다. B2Gold Corp는 9.9%의 지분 유지를 위해 참여하였습니다.
수익금은 2026년 12월 31일까지 발생할 캐나다의 자격을 갖춘 탐사 비용에 사용되며, 이는 회사의 유콘 준주 프로젝트와 관련된 플로우스루 광산 비용으로 간주됩니다. 이 비용은 2025년 12월 31일까지 구독자에게 양도됩니다.
이번 공모는 Cormark Securities Inc.가 주도하였으며, 인수단은 5%의 현금 수수료를 받을 예정입니다. 발행된 증권은 2025년 8월 4일에 만료되는 4개월의 보유 기간이 있으며, TSX 벤처 거래소의 최종 승인을 기다리고 있습니다.
Snowline Gold Corp (TSX-V:SGD)(OTC:SNWGF) a réussi à finaliser un placement privé 'bought deal' d'un montant de 20 025 000 C$, en vendant 1 875 000 actions ordinaires charity flow-through à 10,68 C$ par action. B2Gold Corp a participé pour maintenir sa participation de 9,9%.
Les produits seront utilisés pour des dépenses d'exploration canadiennes éligibles qualifiant comme des dépenses minières flow-through sur les projets de la société dans le Territoire du Yukon, à engager d'ici le 31 décembre 2026 et renoncées aux abonnés d'ici le 31 décembre 2025.
L'offre a été dirigée par Cormark Securities Inc. avec un syndicat de souscripteurs recevant une commission en espèces de 5%. Les titres émis ont une période de blocage de quatre mois qui expire le 4 août 2025, en attente de l'acceptation finale de la TSX Venture Exchange.
Snowline Gold Corp (TSX-V:SGD)(OTC:SNWGF) hat erfolgreich eine 'bought deal' Privatplatzierung in Höhe von C$20.025.000 abgeschlossen und 1.875.000 Charity Flow-Through-Stammaktien zu einem Preis von C$10,68 pro Aktie verkauft. B2Gold Corp nahm teil, um seinen Anteil von 9,9% zu halten.
Die Erlöse werden für förderfähige kanadische Explorationsausgaben verwendet, die als Flow-Through-Bergbauausgaben für die Projekte des Unternehmens im Yukon-Territorium gelten, die bis zum 31. Dezember 2026 anfallen und bis zum 31. Dezember 2025 an die Abonnenten abgetreten werden.
Das Angebot wurde von Cormark Securities Inc. geleitet, wobei ein Syndikat von Underwritern eine Barprovision von 5% erhält. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltefrist, die am 4. August 2025 endet, vorbehaltlich der endgültigen Genehmigung durch die TSX Venture Exchange.
- Successful raise of C$20.025 million strengthens cash position
- B2Gold maintains strategic 9.9% ownership stake
- Funds secured for 2025 Valley deposit advancement and district exploration
- Financial flexibility for potential greenfield discoveries
- 5% cash commission paid to underwriters reduces net proceeds
- Share dilution from issuance of 1,875,000 new shares
- Four-month hold period restricts share trading until August 2025
Not for distribution to the United States newswire services or for dissemination in the United States
VANCOUVER, BC / ACCESS Newswire / April 3, 2025 / Snowline Gold Corp. (TSX-V:SGD)(OTC:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has completed its previously announced "bought deal" private placement of 1,875,000 charity flow-through common shares of the Company (the "FT Shares") at a price of C
"We are grateful to see tremendous support from existing shareholders in this financing and from new shareholders whom we are excited to have join," said Scott Berdahl, CEO & Director of Snowline. "This financing will allow us to put our heads down and focus on a big year in 2025-advancing Rogue Project's Valley deposit and continuing to bring forward the broader surrounding gold district-while giving us significant runway beyond. It also provides us flexibility to respond rapidly in the event of a greenfield discovery and to pursue other new opportunities that may arise."
The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares, in the amount of C
The Offering was made through a syndicate of underwriters led by Cormark Securities Inc., and including BMO Capital Markets, Canaccord Genuity Corp., Agent is Capital Markets LP, National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc. and SCP Resource Finance LP (collectively, the "Underwriters"). The Underwriters received a cash commission equal to
All securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing of the Offering, in accordance with applicable Canadian securities laws, expiring on August 4, 2025. Closing of the Offering is subject to the final acceptance of the TSX Venture Exchange.
The securities issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and were not to be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing the Rogue Project's Valley deposit - a large, low strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon - while continuing regional exploration of surrounding targets in a broader district within the prospective yet underexplored Selwyn Basin.
Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The Company's first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of the Valley gold deposit, and the creation of a new gold district.
ON BEHALF OF THE BOARD
Scott Berdahl, MSc, MBA, PGeo
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering, the ability of the Company to incur in full or at all "Canadian exploration expenses" that qualify as "flow-through mining expenditures" and the renunciation thereof to the purchasers of the FT Shares and timing thereof, the final acceptance of the TSX Venture Exchange, the tax treatment of the FT Shares, the expansion of the scope of the Company's field studies, the Company's advancement of the Rogue Project's Valley deposit, the Company's pursuit of regional exploration and drilling, the Company's ability to unlock value through discovery, the advancement of gold deposits, the establishment of a gold district, and the Company's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things, risks associated with executing the Company's plans and intentions. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
SOURCE: Snowline Gold Corp.
View the original press release on ACCESS Newswire
FAQ
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