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Snowline Gold Corp. ( (TSE:SGD) ) has provided an update.
Snowline Gold Corp. has successfully closed an oversubscribed bought deal financing and a concurrent private placement, raising gross proceeds of $102 million. This capital influx will bolster the company’s treasury, allowing it to advance its projects in the Yukon Territory, including the Valley deposit, and support general corporate purposes. The financing reflects strong market confidence and positions Snowline for continued exploration and development in a promising gold discovery region.
The most recent analyst rating on (TSE:SGD) stock is a Buy with a C$14.50 price target. To see the full list of analyst forecasts on Snowline Gold Corp. stock, see the TSE:SGD Stock Forecast page.
More about Snowline Gold Corp.
Snowline Gold Corp. is a gold exploration and development company focused on the Yukon Territory, with a mineral claim portfolio covering approximately 360,000 hectares. The company is advancing its Valley gold deposit, a large, low-strip, near-surface bulk tonnage gold system, while continuing regional exploration in the Selwyn Basin.
Average Trading Volume: 173,106
Technical Sentiment Signal: Buy
Current Market Cap: C$1.6B
Learn more about SGD stock on TipRanks’ Stock Analysis page.