Klondike Gold announces $2,500,000 Private Placement
3123 – 595 BURRARD STREET
VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6138
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
Klondike Gold announces $2,500,000 Private Placement
August 25, 2020 TSX Venture Exchange Symbol – KG
Vancouver, British Columbia, Canada, August 25, 2020, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC:
KDKGF) (“Klondike Gold” or the “Company”) is announces that it plans to raise up to $ 2,500,000 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 o f $0.30 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. 25 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 $0.45 per common share
for a period of 2 years from closing (the “Warrants”). The Warrants are subject to an acceleration right
that allows the Company to give notice of an earlier expiry date if the C ompany’s share price on the TSX
Venture Exchange is equal to or greater than $0.60 for a period of 10 consecutive trading days.
A finder’s fee of 7% 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: [email protected]
Website: www.klondikegoldcorp.com
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.
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Disclaimer for Forward-Looking Information
“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of
applicable securities laws. This information and statements address future activities, events, plans, developments
and projections. All statemen ts, other than statements of historical fact, constitute forward- looking statements or
forward-looking information. Such forward- looking information and statements are frequently identified by words
such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar
terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of
its experience, current conditions, expectations of future developments and other factors which it believes to be
reasonable and relevant. Forward- looking information and statements involve known and unknown risks and
uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those
expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not
be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of
financing; fluctuati ons in commodity prices; changes to and compliance with applicable laws and regulations,
including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other
risks and uncertainties which are more fully descri bed in our annual and quarterly Management’s Discussion and
Analysis and in other filings made by us with Canadian securities regulatory authorities and available at
www.sedar.com. Klondike disclaims any obligation to update or revise any forward- looking information or
statements except as may be required.”