Snowline Gold Corp. (CSE: SGD) has completed its non-brokered private placement for aggregate gross proceeds of approximately C$7M.
The gross proceeds will be used to support advancement of exploration on the company’s Yukon Territory mineral properties, which will qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of the FT Shares and the Premium FT Shares with an effective date no later than December 31, 2021.
“We are thrilled to have funds in hand for a significant and expanded exploration program in 2022,” said Scott Berdahl, CEO and Director of Snowline Gold Corp.
“This placement puts Snowline in a strong position as we continue to build on the progress made in 2021. We are already working to make 2022 an even more exciting year for Snowline and its shareholders than our inaugural 2021 campaign.”
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >100,000 ha.
The company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly 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 including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine.
Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district. For further information please visit: https://snowlinegold.com/
