Vancouver, Canada / TheNewswire / February 1, 2017 - Klondike Silver Corp. (the "Company") (TSX.V: KS) is pleased to announce that it has closed the private placement previously announced on January 17 and 19, 2017. The Company has issued 26,000,000 units ("Units") for gross proceeds of $1,300,000. The terms of the initial $1,000,000 (class A units) are as follows: 20,000,000 units at a price of $0.05 per unit. All class A units consist of one common share and one non-transferable share purchase warrant, with each warrant exercisable for a period of five years from the closing at a price of $0.05 per share. The terms of the additional $300,000 (class B units) are as follows: 6,000,000 units at a price of $0.05 per unit. 5,600,000 of the class B units are flow-through. All class B units (flow-through or non flow-through) consist of one common share and one non flow-through, non-transferable share purchase warrant, with each warrant exercisable for a period of five years from the closing at a price of $0.055 per share.
Finder's fees of $115,000 will be paid in cash to qualified parties. All securities issued are subject to a four month hold period expiring June 1, 2017.
For additional information please visit the company website www.klondikesilver.com
