Snowline Closes Oversubscribed Bought Deal Financing and Concurrent Private Placement for Gross Proceeds of $102 Million

Executive Summary

• Snowline Gold Corp. completed a bought‑deal public offering of 10,222,200 common shares at $9.00 per share, raising $91,999,800 in gross proceeds.
• A concurrent non‑brokered private placement of 1,123,194 common shares generated an additional $10,108,746, bringing total gross proceeds to $102,108,546.
• Proceeds will be used to advance the Valley gold deposit and other Yukon projects, as well as for working capital and general corporate purposes.

Key Details

• Public Offering: 10,222,200 common shares @ $9.00 per share = $91,999,800 gross proceeds.
• Over‑allotment Option: Fully exercised for an extra 11,999,700 shares, included in the above total.
• Private Placement: 1,123,194 common shares @ $9.00 per share = $10,108,746 gross proceeds; subscribed by existing shareholder B2Gold Corp. to maintain a 9.9% interest. No commission payable on this placement.
• Hold Period: Private‑placement shares subject to a four‑month‑plus hold period expiring January 5, 2026.
• Total Gross Proceeds: $102,108,546.
• Use of Proceeds: Fund advancement of the Valley deposit in Yukon Territory, support exploration across the district‑scale portfolio, and provide working capital/general corporate purposes.
• Underwriters / Bookrunners: Canaccord Genuity Corp. and BMO Capital Markets (joint bookrunners); syndicate includes Cormark Securities Inc., Agentis Capital Markets, National Bank Financial Inc., CIBC World Markets Inc., and Scotia Capital Inc.
• Commission Structure: Underwriters received a cash commission of 4.5% of gross proceeds (excluding certain “president’s list” subscribers who were charged 2.25%).
• Offering Mechanics: Conducted via short‑form prospectus in BC, Alberta, Ontario, and New Brunswick; U.S. private placement relied on exemption from registration under the U.S. Securities Act.

Notable Quotes

“Our strengthened treasury is an asset in its own right, allowing us to focus for multiple years on rapid and responsible advancement of our Valley deposit alongside continued exploration across our emerging, district‑scale portfolio.” – Scott Berdahl, CEO & Director

Materiality Assessment: Material – Positive (significant financing that materially enhances the company’s balance sheet and enables project advancement).