VANCOUVER, BC – KLONDIKE GOLD CORP. (TSX-V: KG) (the “Company”) is pleased to announce that it has arranged for a private placement consisting of up to 5,000,000 common shares at a price of $0.10 per share for total proceeds of up to $500,000. Up to 2,500,000 of the shares will be flow through shares.
The private placement is subject to regulatory approval and in accordance with Exchange policies, finders’ fees may be paid on a portion of the funds raised. Proceeds from the flow through portion of the private placement will be used for exploration expenditures on the Company’s Yukon and British Columbia properties. Proceeds from the non-flow through portion will be applied to general working capital. All securities issued will be subject to an exchange mandated four-month hold period.
Klondike Gold Corp.
Phone: (604) 685-2222
Please visit the Company’s website: www.klondikegoldcorp.com for more information on the diamond properties in Ontario, our holdings in the Klondike and our properties in southeastern BC.