Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces a non brokered private placement to raise up to $1,750,000 of flow-through funds (the “Private Placement”).
The Private Placement will consist of the sale of units at a price of $0.20 per unit, with each unit consisting of one flow-through common share and one non flow-through common share purchase warrant. Each warrant will entitle the holder to purchase one non flow-through common share at a price of $0.30 per common share for a period of thirty six (36) months from closing.
The Company intends to use the proceeds from the offering to continue exploration and development of the Company’s Yukon properties.
The securities issued in connection with this transaction are subject to TSX Venture Exchange approval and all securities will be subject to a four month plus one day statutory hold period after closing.
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 527 square kilometers of hard rock and 20 square kilometers of placer claims including “McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.
