Klondike Gold announces $750,000 Private Placement

Vancouver, British Columbia, Canada, August 27, 2024, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce that it plans to raise up to $750,000 in aggregate of flow-through funds (the “Flow-Through Placement”) and non-flow-through funds (the “Non-Flow-Through Placement”) by way of a non-brokered private placement (the “Financing”).

The Flow-Through Placement will consist of the sale of flow-through units at a price of $0.10 per flow-through unit with each flow-through unit consisting of one common share which is a “flow-through” share for Canadian income tax purposes, and one share purchase warrant.

The Non-Flow-Through Placement will consist of the sale of units at a price of $0.09 per unit, with each unit consisting of one common share and one share purchase warrant.

Each share purchase warrant will entitle the holder to purchase one common share at a price of $0.15 per common share for a period of 2 years from the date of issuance.

A finder’s fee on the gross proceeds of the Financing may be paid.

The Financing may close in tranches.  The Company intends to use the proceeds from the Financing to continue exploration and development of the Company’s Yukon properties, as well as for general working capital.

The securities issued in connection with the Financing are subject to TSX Venture Exchange approval and all securities will be subject to a four month and one day statutory hold period after the date of closing.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions in the world.  The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district.  Multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets.  The Company has identified a Mineral Resource Estimate of 469,000 Indicated and 112,000 Inferred gold ounces, a milestone first for the Klondike District. The Company is focused on exploration and development of its 727 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr’ondëk Hwëch’in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

“Peter Tallman”
 
Peter Tallman
President and CEO

FOR FURTHER INFORMATION:

Telephone:  (604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Share this on: