Vancouver, British Columbia, Canada, September 30, 2021, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is announces that it plans to raise up to $3,500,000 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 shares at a price of $0.20 per flow-through unit with each unit consisting of one common share and one-half of one share purchase warrant.
The Non-Flow-Through Placement will consist of the sale of units at a price of $0.175 per unit, with each unit consisting of one common share and one-half of one share purchase warrant.
Each warrant will entitle the holder to purchase one common share at a price of $0.25 per common share for a period of 2 years from closing (the “Warrants”).
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 statutory hold period after the date of closing.
ON BEHALF OF KLONDIKE GOLD CORP.
“Peter Tallman”
President and CEO
(604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com
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