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.
Vancouver, BC – Klondike Gold Corp. (TSX-V:KG) is pleased to announce the signing of a tri-party agreement that reactivates an extensive exploration program on the hard-rock claims covering the site of the Eldorado Creek and Bonanza Creek discovery claims — site of the world famous Klondike Gold Rush in 1896. Over 6.8 million ounces was reportedly mined from this drainage in subsequent years.
VANCOUVER, BC – Klondike Gold Corp. (TSX-V: KG) (the “Company”) is pleased to announce that it has closed the brokered and non-brokered private placements previously announced. The non-flow through private placement consisted of a total of 9,316,000 units at a price of $0.20 per unit. Each unit consisted of one non flow through common share and one-half of one non-flow through, non-transferable share purchase warrant (the “Warrant”). Each full Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.25 for a period of three years from closing the private placement.