Snowline Gold Corp. (CSE: SGD) has closed its previously announced non-brokered private placement for proceeds of C$999,999.70.
In connection with the Offering, Crescat Capital LLC has been granted a pre-emptive right to maintain its pro-rata interest pursuant to the terms of an investment agreement with the Company for as long as Crescat owns more than two per cent of the common shares of Snowline (calculated on a partially diluted basis).
The net proceeds of the Offering will be used to advance the company’s Ursa gold and base metals project. All securities issued in connection with the Offering are subject to a four-month and one day hold period, expiring on November 17, 2021.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering over 90,000 ha.
The company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin.
Snowline’s projects all lie in the prolific Tintina Gold Province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox mine to Newmont’s Coffee deposit. Snowline’s first mover claim position represents a unique opportunity to explore and expand a new greenfield, district-scale gold system.
For further information please visit: https://snowlinegold.com/
