Klondike Silver Corp. Announces Private Placement
#711-675 WEST HASTINGS STREET VANCOUVER, B.C. CANADA V6B 1N2 TELEPHONE: 604-685-2222 FAX: 604-685-3764 WWW.KLONDIKESILVER.COM TSX-Venture: KS
Klondike Silver Corp. Announces Private Placement
June 21st 2013: Klondike Silver Corp. (TSX-v symbol: KS) (Klondike) is pleased to announce that it has arranged a private placement to raise up to $150,000 through the issuance of up to 1,500,000 flow-through and non flow-through units priced at $0.15 and $0.10 per unit respectively. Each unit will consist of either one flow through or one non-flow through common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of four years at a price of $0.20 per share in the case of flow through units and $0.15 in the case of non-flow through units.
In accordance with TSX Venture Exchange policies, finders’ fees may be paid on a portion of the funds raised. The proceeds of the private placement will be used for exploration program, property payments and general working capital.
About Klondike Silver Corp.
Klondike Silver Corp. has assembled a quality portfolio of silver properties throughout Canada, most notably, in the historic Slocan Mining District southeastern British Columbia. This historic camp has produced more than 24 million ounces of silver since the first discoveries in the late 1800s. Klondike Silver is the dominant land-holder controlling a majority of the historic camp and the fully permitted, 100% owned “Sandon Mining Complex”. The Company owns the pastproducing Silvana, Wonderful, and Hinckley Mines and several other properties with significant exploration potential.
For additional information please visit the company website www.klondikesilver.com
CONTACT INFORMATION
Corporate Inquiries:
Mark Luchinski: (604) 685-2222 Email: [email protected]
On Behalf of the Board of Directors
Klondike Silver Corp.
"Richard Hughes"
Richard Hughes President and Director
“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.”
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and minelife projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.