Snowline GOLD Completes C$19.2 Million Financing and Strategic Investment BY B2GOLD
SNOWLINE GOLD COMPLETES C$19.2 MILLION FINANCING
AND STRATEGIC INVESTMENT BY B2GOLD
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Vancouver, B.C. – March 28, 2023 – Snowline Gold Corp. (CSE: SGD) (OTCQB: SNWGF) (the
“Company” or “Snowline”) is pleased to announce that it has completed its non-brokered private
placement of 3,941,048 flow-through common shares of the Company (the “FT Shares”) at a price of
C$4.862 per FT Share for aggregate gross proceeds of C$19,161,375.38 (the “Offering”) and strategic
investment by B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (“B2Gold”) announced
on March 14, 2023.
The Offering was structured as a charity donati on arrangement pursuant to which B2Gold acquired
3,941,048 common shares of the Company. The common shares purchased by B2Gold, combined with
3,000,000 common shares of the Company recently acquired by B2Gold on the open market, represent
a total position of approximately 5.0% of the issued and outstanding common shares of the Company
upon completion of the Offering. Concurrently with the closing of the Offering, the Company and
B2Gold entered into an investor rights agreement pursuant to which B2G old has been granted a right
to maintain its pro rata interest in the Company in connection with future equity financings.
The gross proceeds from the issue and sale of the 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 with an
effective date no later than December 31, 2023.
All securities issued in connection with the Offering are subject to a hold period of four months and one
day from the closing of the Offering, in accordance with applicable Canadian securities laws, expiring
on July 29, 2023.
No finder’s fees have been nor will be paid in connection with the Offering.
The se curities 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 s ale would be
unlawful.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a n eight-project
portfolio covering > 280,000 ha. The Company is exploring its flagship > 137,000 ha Rogue and
Einarson gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project
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. The Company’s first -mover land position and extensive database provide 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
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
granting of a right to B2Gold to maintain its pro rata interest in the Company , the anticipated use of
proceeds from the Offering 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 risks, 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.