SNOWLINE GOLD ANNOUNCES C$5 MILLION NON-BROKERED PRIVATE PLACEMENT The gross proceeds from the issue and sale of the FT Shares and the Premium FT Shares will be used to support advancement of exploration
LEGAL*54569537.2
SNOWLINE GOLD ANNOUNCES C$5 MILLION
NON-BROKERED PRIVATE PLACEMENT
The gross proceeds from the issue and sale of the FT Shares and the Premium FT Shares will be
used to support advancement of exploration
November 22, 2021 – Vancouver, B.C. – Snowline Gold Corp. (CSE: SGD) (US OTC: SNWGF)
(the “Company” or “Snowline”) is pleased to announce that it has arranged to issue, on a non-brokered
private placement basis, (a) up to 757,575 flow-through common shares of the Company (the “ FT
Shares”) at a price of C$0. 66 per FT Share for gross proceeds of up to C$500,000, and (b) up to
6,081,081 premium flow-through common shares of the Company (the “Premium FT Shares”) at a
price of C$0.74 per Premium FT Share for gross proceeds of up to C$4,500,000. Each FT Share and
Premium FT share is accompanied by one-half of one common share purchase warrant (each whole
common share purchase warrant, a “Warrant”), with each Warrant being exercisable for one common
share of the Company at an exercise price of C$0.75 for a period of two years (the “Offering”).
The gross proceeds from the issue and sale of the FT Shares and the Premium FT Shares will be used
to support advancement of exploration on the Company’s Yukon Territory mineral properties , which
will qualify as “Canadian Exploration Expenses” and “flow -through mining expenditures”, as those
terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of
the FT Shares and the Premium FT Shares with an effective date no later than December 31, 2021.
It is expected that the closing of the Offering will occur on or about December 15, 2021 (the “Closing
Date”) and is subject to the satisfaction of certain conditions, including receipt of acceptance of the
Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to
a hold period of four months and one day from the Closing Date, in accordance with applicable
Canadian securities laws.
The securities issued under the Offering have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and were not to be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities
in the United States or in any other jurisdiction in which such offer, solicitation or sale would be
unlawful.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven -project
portfolio covering >100,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue
gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s proj ect portfolio
sits within the prolific Tintina Gold Province, host to multiple million -ounce-plus gold mines and
deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle
Mine. Snowline’s first -mover land position prov ides a unique opportunity for investors to be part of
multiple discoveries and the creation of a new gold district.
ON BEHALF OF THE BOARD
Scott Berdahl, MSc, MBA, PGeo
CEO & Director
LEGAL*54569537.2
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward -looking statements, including statements regarding the
anticipated use of proceeds from the Offering , the expected Closing Date and the Company’s future
plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”,
“plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other
variations of these words, or similar words or phrases, have been used to identify these forward-looking
statements. These statements reflect management ’s current beliefs and are based on information
currently available to management as at the date hereof. Forward-looking statements involve significant
risk, uncertainties and assumptions. Many factors could cause actual results, performance or
achievements to differ materially from the results discussed or implied in the forward -looking
statements. Such factors include, among other things , risks associated with executing the Company ’s
plans and intentions. These factors should be considered carefully and readers should not place undue
reliance on the forward-looking statements. Although the forward-looking statements contained in this
news release are based upon what management believes to be reasonable assumptions, the Company
cannot assure readers that actual results will be consistent with these forward-looking statements. These
forward-looking statements are made as of the date of this news release, and the Company assumes no
obligation to update or revise them to reflect new events or circumstances, except as required by law.