Snowline Gets Investment From B2Gold

B2Gold, a $5B gold producer, has agreed to complete a strategic investment into Snowline Gold, a $320M exploration company. B2 will be buying common shares of Snowline on the back end of an initial non-brokered flow-through private placement arranged by Snowline. Pursuant to the initial non-brokered private placement, up to 3.9M FT shares of Snowline will be issued at a price of C$4.862 per FT share for aggregate gross proceeds of up to C$19.1M.