Vancouver, British Columbia (FSCwire) - Klondike Gold Corp., (TSXV – KG.V) (the "Company") is conducting a private placement for proceeds of up to $5 million. A portion of the private placement will be sold on a “flow through” basis for Canadian income tax purposes at $0.34 per unit, with the units consisting of a share and a half-warrant, with each whole warrant exercisable at $0.45 per share for two years.
The non flow-through portion will consist of units at $0.29 per unit, with the units consisting of a share and a half-warrant, with each whole warrant exercisable at $0.40 per share for two years. Finders fees in cash and/or warrants may be payable in accordance with TSXV policies. Proceeds will be used for continued drilling on the Company’s Lone Star target within the company’s 527 square kilometre Klondike district property, and for general working capital.
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 the Lone Star gold target at the confluence of Bonanza and Eldorado Creeks, within a district scale 527 square kilometer property accessible by government maintained roads located on the outskirts of Dawson City, YT within the Tr’ondëk Hwëch’in First Nation traditional territory.
