Snowline Gold Corp. (TSE:SGD) has released an update.
Snowline Gold Corp. has successfully completed an oversubscribed financing round, raising C$31.9 million through the sale of charity flow-through shares, with significant participation from existing shareholder B2Gold Corp. The funds will finance exploration activities in the Yukon Territory, with the goal of expanding the company’s Rogue Project and launching an aggressive regional drill campaign. Shareholders of the newly issued shares are set to benefit from tax incentives related to Canadian exploration expenses.
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