Snowline Gold Completes Oversubscribed C$16.5 M Financing NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
VANCOUVER, BC / ACCESSWIRE / September 6, 2023 / Snowline Gold Corp. (TSX-V:SGD) (the "Company" or "Snowline") is pleased to announce that it has completed its previously announced "bought deal" private placement of 2,200,000 flow-through common shares of the Company (the "FT Shares") at a price of C$7.50 per FT Share for aggregate gross proceeds of C$16.5 million (the "Offering"), including C$1.5 million from the exercise of the underwriters' option. Each FT Share will qualify as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"). Existing shareholder B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) ("B2Gold") participated in the financing to maintain their 9.9% interest in the Company.
Snowline Gold Completes Oversubscribed C$16.5 Million Financing (accesswire.com)