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Snowfield Development Corp. has declared a non-brokered private placement offering of up to 2.5 million flow-through common shares at a price of 25 cents per flow-through share.
The proceeds from the sale of the flow-through shares, if fully subscribed, of $625,000, will be applied to undertake programs of exploration on the company's Ticho project, located near Drybones Bay, approximately 50 kilometres southeast of Yellowknife in the Northwest Territories. The private placement will be closed when the final documentation is accepted for filing by the TSX Venture Exchange.
The flow-through shares are subject to a hold period of four months from the distribution date.
ON BEHALF OF THE BOARD
"Robert T. Paterson"
President
SNOWFIELD DEVELOPMENT CORP.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents hereof.