Klondike Silver Announces Proposed Private Placement October XX, 2015
October XX, 2015 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS) announces that it proposes to raise up to $250,000 through a non-brokered private placement (the “Private Placement”) of up to 10,000,000 units at a price of $0.025 per unit. Each unit will consist of one common share and one nontransferable share purchase warrant, with each warrant exercisable for a period of four years from the closing at a price of $0.07 per share. Finders' fees may be paid on a portion of the funds raised.
Completion of the Private Placement is subject to the approval of the TSX Venture Exchange.
The net proceeds will be used for advancing the Sandon B.C. project, located 80 KM north of the Trail B.C.
smelter, and for general working capital.
For additional information please visit the company website www.klondikesilver.com.
CONTACT INFORMATION
Corporate Inquiries:
Dale Dobson: (604) 682.2928 Email: [email protected] On Behalf of the Board of Directors
Klondike Silver Corp.
"Thomas Kennedy"
Thomas Kennedy CEO, President and Director
“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.”
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Suite 804 – 750 West Pender Street T: 604.682.2928 Vancouver, B.C., V6C 2T7 Canada F: 604.685.6905 www.KlondikeSilver.com TSXV: KS / FSE: K1SN