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Klondike Gold Announces $1,200,000 Private Placement
Klondike Gold Announces $1,200,000 Private Placement Klondike Gold Announces $1,20...
About this update from Klondike Gold Corp.
[{"type":"text","content":"\n\n\n\nKlondike Gold Announces $1,200,000 Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nKlondike Gold Announces $1,200,000 Private Placement\nCanada NewsWire\nVANCOUVER, May 18, 2016\n\n\n\nTSX Venture Exchange Symbol – KG\n\n\n\nVANCOUVER, May 18, 2016 /CNW/ - Klondike Gold Corp. (TSX.V:KG) (\"Klondike Gold\" or the \"Company\") announces that it plans to raise $1,200,000 of non-flow-through funds by way of a non-brokered private placement (the \"Private Placement\").\n\nThe Private Placement will consist of the sale of units at a price of $0.30 per unit, with each unit consisting of one common share and one half of a common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.35 per common share for a period of 30 months from closing.\n\nThe Company intends to use the proceeds from the offering to continue exploration and development of the Company's Yukon properties, as well as for general working capital.  \n\nThe securities issued in connection with this transaction are subject to TSX Venture Exchange approval and all securities will be subject to a four month plus one day statutory hold period after closing.\n\nABOUT KLONDIKE GOLD CORP.Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The company is focused on exploration and development of its Yukon gold projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering 25,000 hectares of hard rock and 2,000 hectares of placer claims including \"McKinnon Creek\" leased to Todd Hoffman/Jerusalem Mining LLC and featured on the Discovery Channel show \"Gold Rush\".\n\nOn behalf of Klondike Gold Corp.\n\n\"Peter Tallman\"\n\nPresident and CEO(604) 609-6110E-mail:  [email protected]:  www.klondikegoldcorp.com \n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility f...