On April 25, 2024, Snowline Gold Corp. completed a “bought deal” private placement of 3,685,750 charity flow-through common shares at a price of $7.80 per flow-through share for aggregate gross proceeds of approximately $28.7 million, including $3.7 million from the exercise of the underwriters’ option.
The offering was completed through a syndicate of underwriters led by Cormark Securities Inc. and BMO Capital Markets, and included Canaccord Genuity Corp., CIBC World Markets Inc., National Bank Financial Inc., SCP Resource Finance LP and Paradigm Capital Inc.
Concurrently, Snowline Gold completed a non-brokered private placement of 405,000 charity flow-through shares at a price of $7.80 per flow-through share for gross proceeds of approximately $3.2 million.
Cassels acted for Snowline Gold.