Our Vision: Silver/Zinc/Lead Production KLONDIKESILVER.com KS : TSX.V K1SN : FSE
Our Vision: Silver/Zinc/Lead Production
KLONDIKESILVER.com
KS : TSX.V K1SN : FSE
804 – 750 West Pender St. Vancouver, B.C. Canada, V6C 2T7 T: 604.682.2928
KLONDIKE SILVER DEBENTURE
August 15, 2022 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS)
further to the news release of January 16, 2020 the Company has requested and received $300,000 from
an existing Debenture holder. The principal of the Debenture rises to $1,357,181 with the receipt of
these additional funds. The terms of the debenture include possible convers ion. The conversion term s
for this advance are, at the discretion of the holder, for the first year at a deemed price of $0.05. Each
unit would be made up of a common share and a share purchase warrant. Each warrant would be
exercisable in to one common share at a price of $0.05 per warrant and expire on Dec 31, 2024. After
the first year the unit exercise price will increase to $0.10 with no change in the warrant exercise price.
Proceeds will be used to advance the Compan y’s Silvana Silver Zinc Lead project and for general
working capital.
About Klondike Silver
• Klondike’s Silvana Mine Silver Zinc Lead project is located in South Eastern B.C.
• Klondike’s 116 square kilometer claim block is 138 km north of the Trail B.C. smelter.
• Klondike Silver is exploring from underground, along the 9 km “Main Lode”. The “Main Lode”
is the most prolific mineralized structure in the Slocan Mining Camp.
• There are 13 historical mines that are situated along the “Main Lode” which have produced
886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. (source: BC MINFILE).
Additional information can be found on Klondike Silver’s website: www.klondikesilver.com
On Behalf of the Board of Directors Contact Information
Klondike Silver Corp. Corporate Inquiries:
"Thomas Kennedy" Dale Dobson: (604) 682-2928
Thomas Kennedy, B.Comm., J.D. Email: [email protected]
CEO, Director
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KLONDIKESILVER.com
KS : TSX.V K1SN : FSE
804 – 750 West Pender St. Vancouver, B.C. Canada, V6C 2T7 T: 604.682.2928
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. The TSX Venture Exchange has not
reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy
of the contents of this news release.
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute “ forward-looking information” under applicable Canadian
securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work
programs and objectives and expected results from such wor k programs. Forward -looking information necessarily involve
known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to acces s
sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other
risks.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such forward- looking information and the risks identified
in the Company’s continuous disclosure record. There can be no assurance th at such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such information. Accordingly, readers sho uld
not place undue reliance on forward -looking information. All forward- looking information contained in this news release is
given as of the date hereof and is based upon the opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward -looking
information, whether as a result of new information, future events or otherwise, except as required by law.