SNWGF - Snowline Gold to issue up to 7M flow-through shares up to 12.34M units

• Snowline Gold ( OTCQB:SNWGF ) has arranged to issue up to 7M flow-through shares, on a non-brokered private placement basis, at C$1.40 per share for gross proceeds of up to C$9.8M.
• Additionally, SNWGF will also issue up to 12.34M units at C$1.25 per unit for gross proceeds of up to C$15.42M.
• Each unit is comprised of one share and one-half of one share purchase warrant, with each warrant being exercisable for one share at an exercise price of C$2.50 for a period of two years.
• The gross proceeds from the issuance of flow-through shares will be used to support Yukon Territory mineral properties exploration advancement.
• The gross proceeds from the issuance of the units will be used to support this exploration advancement and for general and working capital purposes.
• The offering is expected to close in two tranches, the first tranche closing on or about Jul. 22 and the second tranche closing on or about Aug. 2.
• The closing is subject to the satisfaction of certain conditions.
• Source: Press Release

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