Snowline Gold Strengthens Treasury by C$12.5 Million

Snowline Gold Corp. (TSE:SGD) has released an update.

Snowline Gold Corp. has fortified its financial position by securing C$12.5 million through the early exercise of warrants by investor Ana Maria Cox de Gubbins, who now holds a 10.6% ownership stake in the company. This strategic financial move boosts Snowline’s treasury to C$46.3 million, enabling the company to focus on exploration and development in the upcoming 2024 field season. The significant investment reflects confidence in Snowline’s potential and its ongoing exploration efforts.

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