Klondike Gold announces $750,000 Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Klondike Gold announces $750,000 Private Placement
Vancouver, British Columbia, Canada, August 27, 2024, 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 $750,000 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 units at a price of $0.10 per
flow-through unit with each flow-through unit consisting of one common share which is a “flow-
through” share for Canadian income tax purposes, and one share purchase warrant.
The Non-Flow-Through Placement will consist of the sale of units at a price of $0.09 per unit, with
each unit consisting of one common share and one share purchase warrant.
Each share purchase warrant will entitle the holder to purchase one common share at a price of
$0.15 per common share for a period of 2 years from the date of issuance.
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 th e F inancing 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.
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 asso ciated 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 a Mineral Resource Estimate of 469,000
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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 sch eduled airline and government -maintained roads located on the outskirts of
Dawson City, Yukon, within the Tr’ondëk Hwëch’in First Nation traditional territory.
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.
Certain statements contained in this news release constitute “forward-looking statements”. When used in
this document, the words “anticipated”, “expect”, “estimated”, “forecast”, “planned”, and similar
expressions are intended to identify forward -looking statements or information. These statements are
based on current expectations of management, howe ver, they are subject to known and unknown risks,
uncertainties and other factors that may cause actual results to differ materially from the forward-looking
statements in this news release. Readers are cautioned not to place undue reliance on these statem ents.
Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a
result of new information, future events or otherwise after the date hereof, except as required by securities
laws.
Forward‐looking statements in volve numerous risks and uncertainties and actual results might differ
materially from results suggested in any forward -looking statements. These risks and uncertainties
include, among other things, market volatility; the state of the financial markets for the Company’s
securities; fluctuations in commodity prices and changes in the Company’s business plans. In making the
forward looking statements in this news release, the Company has applied several material assumptions
that the Company believes are reaso nable, including without limitation, that the Company will continue
with its stated business objectives and its ability to raise additional capital to proceed. Although
management of the Company has attempted to identify important factors that could cause actual results
to differ materially from those contained in forward -looking statements or forward-looking information,
1 The 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.sedarplus.ca effective
November 10, 2022. Refer to news release of December 16, 2022.
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there may be other factors that cause results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward -looking statements and forward -looking information. Reade rs are cautioned that
reliance on such information may not be appropriate for other purposes. The Company does not undertake
to update any forward -looking statement, forward -looking information or financial out -look that are
incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks
safe harbor.
For more information on the Company, investors should review the Company’s continuous disclosure filings
that are available at www.sedarplus.ca.