Press Release for Early Warning Report Regarding Snowline Gold Corp.

Rhea-AI Summary

Snowline Gold Corp. (SNWGF) announced that Ms. Ana Maria Cox de Gubbins' ownership stake has decreased below 10% following the company's recent financings. The change occurred after Snowline completed a public offering of 10,222,200 common shares and a concurrent non-brokered private placement of 1,123,194 shares.

Prior to the financings, Ms. Cox controlled 16,120,000 shares, representing approximately 10.6% of outstanding shares. Following the transactions, while maintaining the same number of shares, her ownership has diluted to 9.4%. As a result, she will no longer be required to file early warning reports unless she requalifies as a 10% shareholder.

Positive

• Company successfully completed public offering of 10,222,200 shares
• Additional capital raised through private placement of 1,123,194 shares

Negative

• Dilution of existing shareholders' ownership percentages due to new share issuance

VANCOUVER, BC / ACCESS Newswire / September 4, 2025 / Ms. Ana Maria Cox de Gubbins ("Ms. Cox") announces that her percentage of the number of issued and outstanding common shares of Snowline Gold Corp. (the "Company") has fallen below 10% as a result of the Company's recently completed public offering of 10,222,200 common shares (the "Shares") and concurrent non-brokered private placement of 1,123,194 Shares (together, the "Financings").

Prior to the Financings, Ms. Cox owned, directly or indirectly, or exercised control or direction over 16,120,000 Shares (fully diluted), representing approximately 10.6% of the issued and outstanding Shares. Following the Financings, Ms. Cox has beneficial ownership and control of the same number of Shares which now represent 9.4% of the issued and outstanding Shares. As a result, Ms. Cox is no longer a 10% shareholder of the Company and will not be required to complete any further early warning filings unless she otherwise requalifies for such filings.

In accordance with applicable securities laws, Ms. Cox may, from time to time and at any time, acquire additional securities of the Company in the open market or otherwise, and reserves the right to dispose of any or all of her securities in the open market or otherwise at any time and from time to time, the whole depending on market conditions, the business and prospects of the Company and other relevant factors.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Company is a reporting issuer containing information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear on the Company's profile on SEDAR+ at www.sedarplus.ca or may be obtained by contacting the Company at Suite 300 - 900 West Hastings Street, Vancouver, British Columbia. V6E 1E5, info@snowlinegold.com, (778) 650-5485.

SOURCE: Snowline Gold Corp.

View the original press release on ACCESS Newswire

FAQ

What caused Ms. Cox's ownership stake in Snowline Gold (SNWGF) to fall below 10%?

Her ownership percentage decreased due to dilution from Snowline's public offering of 10,222,200 shares and private placement of 1,123,194 shares, reducing her stake from 10.6% to 9.4%.

How many shares does Ms. Cox own in Snowline Gold (SNWGF)?

Ms. Cox owns 16,120,000 shares of Snowline Gold Corp., which now represents 9.4% of the company's outstanding shares.

What was the size of Snowline Gold's (SNWGF) recent share offerings?

Snowline Gold completed a public offering of 10,222,200 shares and a concurrent non-brokered private placement of 1,123,194 shares.

Will Ms. Cox need to continue filing early warning reports for Snowline Gold (SNWGF)?

No, Ms. Cox will no longer be required to file early warning reports unless she requalifies as a 10% shareholder of Snowline Gold.

Can Ms. Cox acquire or dispose of more Snowline Gold (SNWGF) shares in the future?

Yes, Ms. Cox reserves the right to acquire additional securities or dispose of her holdings in the open market or otherwise, depending on market conditions and company prospects.