On April 25, 2024, Snowline Gold Corp. closed the transaction. The company issued 3,685,750 charity flow-through common shares at a price of CAD 7.80 per charity flow-through common share for aggregate gross proceeds of CAD 28,748,850, and 405,000 flow-through common shares at a price of CAD 7.80 per flow-through common share for aggregate gross proceeds of CAD 3,159,000; for aggregate gross proceeds of CAD 31,907,850. All securities issued in connection with the offering are subject to a hold period of four months and one day from the closing of the offering, in accordance with applicable Canadian securities laws, expiring on August 26, 2024. The closing of the offering is subject to the final acceptance of the TSX Venture Exchange.

The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 22 placees. As a part of the transaction, the company paid CAD 445,607.17 to Cormark Securities Inc. and CAD 445,607.17 to BMO Nesbitt Burns Inc., CAD 163,868.15 to Canaccord Genuity Corp., CAD 95,589.93 to CIBC World Markets Inc., CAD 95,589.93 to National Bank Financial Inc., CAD 95,589.93 to SCP Resource Finance LP, CAD 95,589.93 to Paradigm Capital Inc.