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VANCOUVER, BC, April 3, 2024 /CNW/ - Snowline Gold Corp. (TSX-V: SGD) (OTC: SNWGF) ("Snowline" or the "Company") is pleased to announce that it has entered into an agreement pursuant to which Cormark Securities Inc. and BMO Capital Markets, as co-lead underwriters, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), have agreed to purchase, on a "bought deal" private placement basis, 3,205,000 "flow-through" shares of the Company (the "Charity FT Share") at a price of $7.80 per Charity FT Share ("Offering Price") for gross proceeds of $24,999,000 (the "Offering"). Each Charity FT Share will qualify as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
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