Snowline Gold Corp. (TSXV: SGD / OTCQB: SNWGF) has entered into a bought deal agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and BMO Capital Markets. The financing covers 8,888,900 common shares at a price of $9.00 per share, for gross proceeds of $80,000,100.
The underwriters have also been granted an over-allotment option to purchase up to 1,333,300 additional shares at the same $9.00 price, potentially raising an additional $11,999,700, exercisable for 30 days following the closing date.
Proceeds from the financing will be used to advance the Valley gold deposit within the company’s Rogue Project in Yukon and to continue regional exploration efforts. CEO Scott Berdahl said the raise will provide “multiple years of financial visibility to move forward efficiently and responsibly.”
Closing is expected on September 4, 2025, subject to regulatory approvals, including that of the TSX Venture Exchange and applicable securities authorities.
The shares will be offered via a short form prospectus in Alberta, British Columbia, and Ontario. Sales may also occur in certain offshore jurisdictions, without triggering new public disclosure requirements. In the United States, the shares will be offered on a private placement basis under exemptions from registration requirements of the U.S. Securities Act of 1933.
Snowline Gold, focused on gold exploration in Yukon, holds a portfolio of roughly 360,000 hectares in the Tintina Gold Province. The company continues to advance the Valley deposit, notable for its near-surface, high-grade gold system with a low strip ratio.
Why This Financing Matters
- Provides multi-year financial runway, enabling Snowline to focus on both advancing Rogue and exploring new discoveries.
- Over-allotment option offers additional financial flexibility if exercised.
- Combined prospectus and targeted distribution strategy (including offshore and U.S. private placement) reflects a structured, compliance-driven approach.
