Klondike Gold Closes $1,222,487 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 Closes $1,222,487 Private Placement
April 23, 2020 TSX Venture Exchange Symbol – KG
Vancouver, British Columbia, Canada, April 23, 2020, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC:
KDKGF) (“Klondike Gold” or the “Company”) is pleased to report that the Company has raised
$1,222,487.54 in aggregate of non-flow-through funds and flow-through funds by way of a non-brokered
private placement.
The Company has issued 3,481,579 flow-through units (each a “FT Unit”) at the price of $0. 19 for gross
proceeds of $661,500.01 and 3,205,643 non-flow-through units (each a “Unit”) at a price of $0.175 per
unit for gross proceeds of $560,987.53. Each FT Unit is comprised of one common share which is a “flow-
through” share for Canadian income tax purposes and one warrant exercisable at $0. 25 per share until
August 23, 2022. Each non flow -through Unit is comprised of one common share and one warrant
exercisable at $0.25 per share until August 23, 2022.
In connection with the completion of the private placement, the Company paid a finder ’s fee consisting
of $30,000 and the issuance of 157,895 warrants exercisable at $0.25 per share until August 23, 2022.
All securities issued in connection with the private placement are subject to a statutory hold period
expiring on August 24, 2020.
Peter Tallman, President and CEO of Klondike Gold stated “I would like to acknowledge and thank our
North American and European shareholders as well as the Company’s staff and management for their
continued financial support and long- term confidence. The funds allow the Company to plan for a
targeted, meaningful work program conducted under operating conditions that protects our l ocal host
community, our contractors and our employees.”
ABOUT KLONDIKE GOLD CORP.
Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike
District Gold Project located at Dawson City, Yukon Territory, 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. To date, multi- kilometer gold
mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets.
The Company is focused on exploration and development of its 586 square kilometer property accessible
by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within
the Tr’ondëk Hwëch’in First Nation traditional territory.
Page 2 of 2
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.
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,” “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, expectat ions 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 limit ed 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’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.”