Private Placement Tranche Closing and Extension
KLONDIKESILVER.com
KS : TSX.V K1SN : FSE
804 – 750 West Pender St. Vancouver, B.C. Canada, V6C 2T7 T: 604.682.2928
PRIVATE PLACEMENT TRANCHE CLOSING AND EXTENSION
September 9, 2020 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS)
further to the July 30 news release announc ing a non-brokered private placement the exchange has
granted an extension to October 14, 2020. A first tranche is closing raising gross proceeds of $516,000
through the issuance of 10,320,000 units (“Unit”) at a price of $0.05 per each Unit. Each Unit will be
comprised of one common share and one -half of one share purchase warrant (a “Warrant”). Each whole
Warrant is exercisable to purchase one common share of the Company at a price of $0.10 per share for a
period of 30 months from the date of closing.
The private placement is subject to TSX Venture Exchange approval and all securities are subject to a
four month hold period. Finder’s fees will be payable in connection with the private placement s, all in
accordance with the policies of the TSX Venture Exchange. The net proceeds will be used for advancing
Klondike’s Sandon B.C. Silver Zinc Lead project (drifting and drilling the main vein structure) , and
for general working capital.
About Klondike Silver
Klondike’s Silvana Mine Silver Zinc Lead project is located in South Eastern B.C. , 138 km north of
the Trail B.C. smelter. The Company is actively exploring from underground, the western extension of
the Silvana Mine, along the “ Main Lode”. The “Main Lode” is a 9 km vein structure which is the most
prolific mineralized structure in the Slocan Mining Camp. There are 13 historical mines that are situated
along the 9 km vein str ucture which has 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 the Company 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
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.