Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces that further to the Company’s news release on March 17, 2017, it has increased its previously announced non brokered private placement to raise $2,000,000 of flow-through funds (the “Private Placement”). The Private Placement has been fully allocated and remains subject to the approval of the TSX Venture Exchange.
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 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”.
