Klondike Silver Corp. Amends Terms of Private Placement
#711-675 WEST HASTINGS STREET VANCOUVER, B.C. CANADA V6B 1N2 TELEPHONE: 604-685-2222 FAX: 604-685-3764 WWW.KLONDIKESILVER.COM TSX-Venture: KS
Klondike Silver Corp. Amends Terms of Private Placement
September 10th 2013: Klondike Silver Corp. (TSX-v symbol: KS) (Klondike) reports that it has amended the terms of its’ Private Placement previously announced June 21st 2013. Klondike will now raise up to $750,000 through the issuance of up to 12,500,000 non-flow-through and flow-through units priced at $0.06 and $0.12 per unit respectively.
Each non-flow-through unit will consist of one non-flow-through common share and one full non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of four years at a price of $0.06 per share.
Each flow-through unit will consist of one flow-through common share and one half (1/2) non-transferable share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share for a period of four years at a price of $0.12 per share.
In accordance with TSX Venture Exchange policies, finders’ fees may be paid on a portion of the funds raised. The proceeds of the private placement will be used for the exploration program, property payments and general working capital.
About Klondike Silver Corp.
Klondike Silver Corp. has assembled a quality portfolio of silver properties throughout Canada, most notably, in the historic Slocan Mining District southeastern British Columbia. This historic camp has produced more than 24 million ounces of silver since the first discoveries in the late 1800s. Klondike Silver is the dominant land-holder controlling a majority of the historic camp and the fully permitted, 100% owned “Sandon Milling Complex”. The Company owns ground covering approximately 150 past producing mines and extensive underground structures. The past-producing Silvana, Wonderful, Hinckley Mines, Payne, Rambler, Van Roi/Hewitt, Vulture, Argenta, Jackson Basin, and the Carnation and several other land packages with significant mining potential are all capable of being put back into production at some level, whether it be through the exclusive efforts of Klondike or a joint effort with a partner. Currently Klondike views the Carnation land package and a potential discovery in the “Silver Mile” as its most significant asset.
For additional information please visit the company website www.klondikesilver.com
CONTACT INFORMATION
Corporate Inquiries:
Mark Luchinski: (604) 685-2222 Email: [email protected]
On Behalf of the Board of Directors
Klondike Silver Corp.
"Richard Hughes"
Richard Hughes 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.