On September 6, 2023, Snowline Gold Corp. completed a “bought deal” private placement of 2,200,000 flow-through common shares at a price of $7.50 per flow-through share for aggregate gross proceeds of $16.5 million, including $1.5 million from the exercise of the underwriters’ option.
The offering was completed through a syndicate of underwriters led by Cormark Securities Inc. and included SCP Resource Finance LP.
Cassels acted for Snowline Gold.