On February 25, 2021, Snowline Gold Corp., formerly, Skyledger Tech Corp., completed the acquisition of the Einarson, Rogue, Tosh, Cliff, Rainbow, Cynthia and Ursa claims located in the Yukon through its acquisition of all of the issued and outstanding shares of Senoa Gold Corp. from 18526 Yukon Inc.
Pursuant to the transaction, Snowline Gold acquired all of the issued and outstanding shares of Senoa Gold from 18526 Yukon for consideration of (i) $1 million in cash, (ii) aggregate deferred cash consideration of $1 million, (iii) 25,650,000 common shares in the capital of Snowline Gold, and (iv) a contingent $1 million resource bonus if a mineral resource of at least 1,000,000 ounces of gold is established on any of the seven properties acquired, for an aggregate resource bonus payment in the maximum amount of $7 million.
Snowline Gold began trading on the Canadian Securities Exchange under its new name and symbol, effective March 1, 2021.
Cassels acted for Senoa Gold.