Klondike Increases Private Placement to $3,800,000 and Closes First Tranche Raising $1,555,210
3123 – 595 BURRARD STREET
VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6138
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
Klondike Increases Private Placement to $3,800,000 and
Closes First Tranche Raising $1,555,210
September 25, 2020 TSX Venture Exchange Symbol – KG
Vancouver, British Columbia, Canada, September 25, 2020, 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 August 25, 2020, the non brokered private placement offering has now been increased by $1,300,000
for a total raise of up to $3,800,000 comprising of flow through units and non flow through units (the
“Financing”)
The Company further announces that it has closed the first tranche (the “First Tranche”) of the Financing
raising $1,555,210 of which $780,210.60 is flow through funds. The Company anticipates t o close the
balance of the Financing in the coming weeks.
In closing the First Tranche, The Company issued 2,600,702 flow-through units at the price of $0. 30 per
unit, comprising of 2,600,702 common shares which are “flow through” shares for Canadian i ncome tax
purposes and 1,300,351 warrant s. The Company further issued 3,100,000 non-flow-through units at a
price of $0.25 per unit, comprising of 3,100,000 common shares and 1,550,000 warrants.
All warrants issued in the First Tranche of the Financing are exercisable at a price of $0.45 per share until
September 25, 2022 and are subject to an acceleration right that allows the Company to give notice of an
earlier expiry date if the Company’s share price on the TSX Venture Exchange is equal to or greater than
$0.60 for a period of 10 consecutive trading days.
All securities issued in connection with the First Tranche of the Financing are subject to TSX Venture
Exchange approval and all securities will be subject to a four month statutory hold period expiring on
January 26, 2021.
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.
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
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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.
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.”