Klondike Gold announces $3,000,000 Private Placement
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Klondike Gold announces $3,000,000 Private Placement
Vancouver, British Columbia, Canada, March 14, 2023, Klondike Gold Corp. (TSX.V: KG; FRA:
LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce that it plans to
raise up to $3,000,000 in aggregate of flow-through funds (the “Flow-Through Placement”) and
non-flow-through funds by way of a non -brokered private placement ( collectively, the
“Offering”).
The non-flow-through portion of the Offering (the “ LIFE Offering”) will consist of a minimum of
9,523,809 units and a maximum of 14,285,714 units of the Company (each a “Unit”) at a price of
$0.105 per Unit for aggregate proceeds of a minimum of $1,000,000 and a maximum of up to
$1,500,000, wh ich will be offered for sale to purchasers resident in Canada (except Quebec)
and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part
5A of National Instrument 45 -106 – Prospectus Exemptions (the “ Listed Issuer Financing
Exemption Offering ”) or “LIFE Offering” . Each Unit will consist of one common share of the
Company (each a “ Common Share”) and one Common Share purchase warrant (each a
“Warrant”), with each Warrant entitling its holder to purchase one additional Common Share at
an exercise price of $0 .20 for a period of 24 months from the date of issue. The Listed Issuer
Financing Exemption Offering is expected to be completed in multiple tranches , with the first
tranche expected to close on or about March 2 3, 2023. The securities issued pursuant to the
Listed Issuer Financing Exemption Offering will not be subject to any statutory hold period in
accordance with applicable Canadian securities laws.
There is an offering document related to the LIFE Offering that can be accessed under the
Company’s profile at www.sedar.com and at the Company’s website at
https://www.klondikegoldcorp.com/. Prospective investors should read this offering document
before making an investment decision.
The Flow-Through Placement will consist of the sale of a maximum of 17,391,304 flow -through
units at a price of $0.115 per flow-through unit for aggregate proceeds of up to $2,000,000, with
each flow-through unit consisting of one common share which is a “flow -through” share for
Canadian income tax purposes, and one Warrant , with each Warrant entitling its holder to
purchase one additional Common Share at an exercise price of $0.20 for a period of 24 months
from the date of issue. The securities issued in connection with the Flow-Through Placement are
subject to TSX Venture Exchange approval and all securities will be subject to a four month and
one day statutory hold period after the date of closing.
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Eventus Capital Corp. has been appointed as a finder in connection with the Offering. A finder’s
fee of 6% cash and 6% finder’s warrants will be paid on the gross proceeds of the Offering.
The Offering may close in tranches. The Company intends to use the proceeds from the Offering
to continue exploration and development of the Company’s Yukon properties, as well as for
general working capital.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its 100% -owned
Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions
in the world. The Klondike District Gold Project targets gold associated with district scale
orogenic faults along the 55 -kilometer length of the famous Klondike Goldfields placer
district. Multi-kilometer gold mineralization has been identified at both the Lone Star Zone and
Stander Zone, among other targets. The Company has identified an Initial Mineral Resource of
469,000 Indicated and 112,000 Inferred gold ounces 1, a milestone first for the Klondike District.
The Company is focused on exploration and development of its 727 square kilometer property
accessible by scheduled airline and government -maintained roads located on the outskirts of
Dawson City, Yukon, within the Tr’ondëk Hwëch’in First Nation traditional territory.
1 The Initial Mineral Resource Estimate for the Klondike District Property was prepared by Marc
Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in
accordance with the requirements of NI 43 -101. The technical report supporting the Mineral
Resource Estimate entitled “NI 43- 101 Technical Report on the Klondike District Gold Project,
Yukon Territory, Canada” has been filed on SEDAR at www.sedar.com effective November 10,
2022. Refer to news release of December 16, 2022.
ON BEHALF OF KLONDIKE GOLD CORP.
“Peter Tallman”
Peter Tallman
President and CEO
FOR FURTHER INFORMATION:
Telephone: (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 statements, 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,” “beli eve,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates,
opinions and analysis made by management of Klondike Gold 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 Gold’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; fluctuations 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 described
in our annual and quarterly Management Discussion and Analysis and in other filings made by Klondike
Gold with Canadian securities regulatory authorities and available at www.sedar.com . Klondike Gold
disclaims any obligation to update or revise any forward-looking information or statements except as may
be required.”