10:52 AM EDT, 08/12/2026 (MT Newswires) -- Snowline Gold ( SNWGF ) raised C$172.6 million in a bought deal offering of 11.9 million shares priced at C$14.50 each, the company said Wednesday.

Current shareholder B2Gold (BTO.TO) participated in the offering to maintain its 9.9% equity stake, Snowline said in a news release.

Proceeds will be used to advance Snowline's projects in the Yukon Territory, it said.

"The opportunity in front of us at Snowline is immense," said Chief Executive Officer Scott Berdahl. "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."

Snowline Gold ( SNWGF ) shares were last seen down C$0.18 at C$17.00 on the Toronto Stock Exchange.

Price: 16.98, Change: -0.20, Percent Change: -1.16