Mentioned:
Snowline Gold has just raised a massive new financing round. And now, they are looking to take one of Canada’s most promising gold properties to the next level.
What’s happening:
- Snowline Gold (TSXV: SGD) has successfully raised $102M CAD in a new equity financing round
By the numbers:
- Snowline Gold issued 11.3M common shares at a price of $9.00 CAD per share as part of the new financing round
Why it matters:
- This is the single largest capital raise Snowlike Gold has ever done since becoming a publicly traded company
Going deeper:
- Snowline Gold’s Rogue project located in the Yukon is widely considered to be one of the most important new high grade gold discoveries in Canada and Snowline Gold is currently advancing a 20,000 metre drilling program at the property
- Gold mining giant B2Gold (TSX: BTO) also participated in Snowline Gold’s new funding round and maintained their 9.9% equity stake in the company
