Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces that on December 20, 2016, Klondike Gold agreed to merge with Klondike Star Mineral Corporation (“Klondike Star”), a Delaware corporation with claims in the Klondike region of the Yukon. The merger requires filing a Certificate of Merger with Delaware, and Klondike Gold will be the surviving company.
Klondike Gold will own all of the claims of Klondike Star which include many of the same areas now under exploration by Klondike Gold. The shareholders of Klondike Star will receive either .025 shares of Klondike Gold stock for every share of Klondike Star, or $.0035 per share, depending on regulatory requirements. All Klondike Star shareholders of record will be mailed the required documents for tendering their Klondike Star shares for conversion. We encourage Klondike Star shareholders to download the same applicable documents from the link on our website to expedite this process (CLICK HERE). If all the remaining Klondike Star shares are tendered a maximum of 487,216 shares of Klondike Gold will be issued.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The company is focused on exploration and development of its Yukon gold projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering a district-scale 527 square kilometers of hard rock and 20 square kilometers of placer claims including “McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.
