Vancouver, Canada / TheNewswire / November 29, 2017 - Klondike Silver Corp. (the "Company") (TSX.V: KS) announces that it proposes to raise up to $1,000,000 through a non-brokered private placement (the "Private Placement") of up to 20,000,000 units at a price of $0.05 per unit. Each unit will 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. Finders' fees may be paid on a portion of the funds raised. The Company expects Insider(s) will be participating for more than 25% of this private placement.
Completion of the Private Placement is subject to the approval of the TSX Venture Exchange.
The net proceeds will be used for advancing the Sandon B.C. project and for general working capital.
About Klondike Silver
Klondike Silver's Royalty Free SILVER LEAD ZINC land package (100 km2) is located in the SLOCAN MINING CAMP (Southeast British Columbia - 138 km North of Teck's Silver Lead Zinc smelter (Trail B.C.)). Based on the British Columbia MINFILE mineral database, sixty eight (68) of the one hundred and seventy three (173) past producing Silver Lead Zinc mines in the Slocan Mining Camp are located in the Klondike Silver land package. Klondike Silver has created the first real opportunity to invest in and properly explore a sizeable portion of one of the most historic mining camps in British Columbia. Klondike likes to think of the Slocan as the last best under explored Silver Lead Zinc camp in Canada. For additional information please visit the company website www.klondikesilver.com.
Vanco uver, Canada / TheNewswire / November 29, 2017 - Klondike Silver Corp. (the "Company") (TSX.V: KS) announces that it proposes to raise up to $1,000,000 through a non-brokered private placement (the "Private Placement") of up to 20,000,000 units at a price of $0.05 per unit. Each unit will 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. Finders' fees may be paid on a portion of the funds raised. The Company expects Insider(s) will be participating for more than 25% of this private placement.
Completion of the Private Placement is subject to the approval of the TSX Venture Exchange.
The net proceeds will be used for advancing the Sandon B.C. project and for general working capital.
About Klondike Silver
Klondike Silver's Royalty Free SILVER LEAD ZINC land package (100 km2) is located in the SLOCAN MINING CAMP (Southeast British Columbia - 138 km North of Teck's Silver Lead Zinc smelter (Trail B.C.)). Based on the British Columbia MINFILE mineral database, sixty eight (68) of the one hundred and seventy three (173) past producing Silver Lead Zinc mines in the Slocan Mining Camp are located in the Klondike Silver land package. Klondike Silver has created the first real opportunity to invest in and properly explore a sizeable portion of one of the most historic mining camps in British Columbia. Klondike likes to think of the Slocan as the last best under explored Silver Lead Zinc camp in Canada. For additional information please visit the company website www.klondikesilver.com.
