Klondike Silver Issues Units FOR Debt
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 ISSUES UNITS FOR DEBT
October 11, 2023 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS) has
issued Units for debt to various arms length parties. The various parties have agreed to a total of 2,233,072
Units to be issued for a total value of Cdn$111,653 (which includes original Loan amounts plus interest at
10%). Each Unit consists of one common share and a s hare purchase warrant exercisable at $0.05 for a
period of 5 years. The Units are being issued at a deemed price of $0.05. The shares are subject to a four
month and one -day hold period from date of issue , in accordance with the policies of the TSX Venture
Exchange and applicable securities law. The TSX Venture Exchange has accepted the terms f or the debt
settlement.
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 accur acy
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 work programs. Forward -looking information necessarily involve
known and unknown risks, including, without limitation, risks associated with general economic conditions; inabi lity to access
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, whil e 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 that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should
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.