Klondike Gold Closes First Tranche Raising $2,242,851
3123 – 595 BURRARD STREET
VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6138
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
Klondike Gold Closes First Tranche Raising $2,242,851
October 25, 2021 TSX Venture Exchange Symbol – KG
Vancouver, British Columbia, Canada, October 25 , 2021, Klondike Gold Corp. (TSX.V: KG; FRA:
LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce that further to
its news release of September 30, 2021 , the Company has closed the first tranche (the “First
Tranche”) of its non -brokered private placement financing , raising $ 2,242,851.25 of which
$1,935,000 is flow through funds. The Company anticipates to close the balance of the financing
in the coming weeks.
In closing the First Tranche, the Company issued 9,675,000 flow-through units at the price of
$0.20 per unit , comprising of 9,675,000 common shares which are “flow through” shares for
Canadian income tax purposes and 4,837,500 warrants. The Company further issued 1,759,150
non-flow-through units at a price of $0. 175 per unit, comprising of 1,759,150 common shares
and 879,575 warrants.
All warrants issued in the First Tranche of the financing are exercisable at a price of $0. 25 per
share until October 22, 2023.
All securities issued in connection with the First Tranche are subject to a four month and one day
statutory hold period expiring on February 23, 2022, in accordance with applicable securities laws
and the policies of the TSX Venture Exchange.
The Company intends to use the proceeds from the f inancing to continue exploration and
development of the Company’s Yukon properties, as well as for general working capital.
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
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government-maintained roads located on the outskirts of Dawson City, YT within the Tr’ondëk
Hwëch’in First Nation traditional territory.
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, expectations of future develo pments 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 material ly 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 wh ich 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.”