On December 17, 2021, Snowline Gold Corp. completed a non-brokered private placement, issuing 757,575 flow-through common shares at a price of $0.66 per flow-through common share and 8,783,783 premium flow-through common shares at a price of $0.74 per premium flow-through common share, for aggregate gross proceeds of approximately $7 million. Each flow-through common share and premium flow-through common share was accompanied by one-half of one common share purchase warrant, with each warrant being exercisable for one common share of Snowline Gold at an exercise price of $0.75 until December 17, 2023.
Cassels acted for Snowline Gold.