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
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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
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
December 20, 2021 – Vancouver, B.C. – Snowline Gold Corp. (CSE: SGD) (US OTC: SNWGF)
(the “Company” or “Snowline”) is pleased to announce that it has completed its previously announced
non-brokered private placement , issuing 757,575 flow-through common shares of the Company (the
“FT Shares”) at a price of C$0.66 per FT Share and 8,783,783 premium flow-through common shares
of the Company (the “Premium FT Shares”) at a price of C$0.74 per Premium FT Share, for aggregate
gross proceeds of approximately C$7 million. 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 until December 17, 2023 (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.
“We are thrilled to have funds in hand for a significant and expanded exploration program in 2022,”
said Scott Berdahl, CEO and Director of Snowline Gold Corp. “This placement puts Snowline in a
strong position as we continue to build on the progress made in 2021. We are already working to make
2022 an even more exciting year for Snowline and its shareholders than our inaugural 2021 campaign.”
Snowline Gold Corp’ Chair, Craig Hart emphasized that, “Importantly, these flow-through shares were
acquired by fundamental buyers who appreciate the long term growth opportunity of our exploration
and discovery plan. On behalf of the company, we would like to thank our investors for their continued
support.”
An aggregate cash finder’s fee of $11,892.01 was paid to finders in respect of the Offering.
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 April 18, 2022.
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 Selw yn Basin. Snowline’s project portfolio
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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 provides 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
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 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 ass ure 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.