Snowline completes C$172.6 million bought-deal offering

Canada NewsWire

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VANCOUVER, BC , Aug. 12, 2026 /CNW/ -- SNOWLINE GOLD CORP. (TSX: SGD) (OTCQB: SNWGF) (the " Company " or " Snowline ") is pleased to announce that it has completed its previously announced "bought deal" public offering of 11,902,500 common shares of the Company (the " Common Shares ") at a price of C$14.50 per Common Share for aggregate gross proceeds of C$172,586,250, including the exercise in full by the underwriters of their over-allotment option (the " Offering "). Existing shareholder B2Gold Corp. (TSX: BTO) (NYSE American: BTG) (NSX: B2G) participated in the Offering to maintain its 9.9% interest in the Company.

"The opportunity in front of us at Snowline is immense," said Scott Berdahl, CEO & Director of Snowline. "We are encouraged by and grateful for the strong investor support in the current financing, with participation from new and existing shareholders, including B2Gold Corp. Our strengthened treasury provides stability against a volatile market backdrop, allowing us to strategically prioritize exploration and development activities, de-risking our path forward and providing means to advance our flagship Valley gold deposit at an accelerated rate. The scale of the raise is informed by our projected costs through engineering and permitting to a potential construction decision."

The Company intends to use the net proceeds from the Offering to advance the Company's projects in the Yukon Territory, and for general corporate purposes, as further described in the Prospectus Supplement (as defined below).

The Offering was led by BMO Capital Markets (" BMO "), as sole bookrunner, and CIBC World Markets Inc., as co-lead underwriters (together with BMO, the " Lead Underwriters "), on behalf of a syndicate of under