Klondike Gold Announces $5 Million Private Placement
Vancouver, British Columbia, Klondike Gold Corp., (TSX.V: 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.
On behalf of Klondike Gold Corp.
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.