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Snowline Gold Corp. ( (TSE:SGD) ) has issued an announcement.
Snowline Gold Corp. has successfully closed an oversubscribed bought deal financing and a concurrent private placement, raising gross proceeds of $102 million. This financial boost will enable the company to advance its projects in the Yukon Territory, particularly the Valley deposit, and support its exploration activities. The strengthened financial position is expected to aid Snowline in its goal of developing a globally relevant gold discovery in a favorable market environment.
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. It holds a mineral claim portfolio of approximately 360,000 hectares and is advancing the Valley gold deposit, a significant bulk tonnage gold system in the eastern Yukon. The company is also engaged in regional exploration within the Selwyn Basin, which is highly prospective and underexplored.
Average Trading Volume: 173,106
Technical Sentiment Signal: Buy
Current Market Cap: C$1.6B
For an in-depth examination of SGD stock, go to TipRanks’ Overview page.