Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) has been advised of the recent acquisitions made by Frank Giustra and his related entities. Frank Giustra and his related entities will be filing on SEDAR an early warning report pursuant to the early warning requirements of applicable securities laws in Canada with respect to holdings in Klondike Gold Corp. (the “Issuer”).
Fiore Financial Corporation, a company owned and controlled by Frank Giustra acquired 1,580,389 common shares of the Issuer pursuant to the exercise of warrants and The Radcliffe Foundation, a charitable organization controlled by Frank Giustra acquired 887,239 common shares of the Issuer pursuant to the exercise of warrants. Prior to the acquisition of securities, Mr. Giustra owned directly and indirectly and/or controlled 9,777,164 common shares, representing 10.48% of the outstanding common shares of the Issuer. As a result of the acquisition of securities described above, Mr. Giustra directly and indirectly owns and/or controls in aggregate 12,244,792 common shares of the Issuer, representing 12.79% of the current issued and outstanding common shares of the Issuer and would own and/or control 15,909,078 common shares of the Issuer, representing 16.01% of the issued and outstanding common shares assuming the exercise of 3,664,286 share purchase warrants.
Mr. Giustra and his related entities acquired these securities for investment purposes and as disclosed in the Early Warning Report accompanying this news release, may in the future acquire or dispose of securities of the Issuer, through the market, privately or otherwise, as circumstances or market conditions warrant.
For additional information, or for a copy of the early warning report filed in respect of the above transaction, please consult www.sedar.com.
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.
