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Klondike Gold Announces $3,000,000 Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUV...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Announces $3,000,000 Private PlacementNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESSWIRE / March 14, 2023 / Klondike Gold Corp. (TSX.V:KG)(FRA:LBDP)(OTCQB:KDKGF) (\"Klondike Gold\" or the \"Company\") is pleased to announce that it plans to raise up to $3,000,000 in aggregate of flow-through funds (the \"Flow-Through Placement\") and non-flow-through funds by way of a non-brokered private placement (collectively, the \"Offering\").The non-flow-through portion of the Offering (the \"LIFE Offering\") will consist of a minimum of 9,523,809 units and a maximum of 14,285,714 units of the Company (each a \"Unit\") at a price of $0.105 per Unit for aggregate proceeds of a minimum of $1,000,000 and a maximum of up to $1,500,000, which will be offered for sale to purchasers resident in Canada (except Quebec) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the \"Listed Issuer Financing Exemption Offering\") or \"LIFE Offering\". Each Unit will consist of one common share of the Company (each a \"Common Share\") and one Common Share purchase warrant (each a \"Warrant\"), with each Warrant entitling its holder to purchase one additional Common Share at an exercise price of $0.20 for a period of 24 months from the date of issue. The Listed Issuer Financing Exemption Offering is expected to be completed in multiple tranches, with the first tranche expected to close on or about March 23, 2023. The securities issued pursuant to the Listed Issuer Financing Exemption Offering will not be subject to any statutory hold period in accordance with applicable Canadian securities laws.There is an offering document related to the LIFE Offering that can be accessed under the Company's profile at www.sedar.com and at the Company's website at https://www.klondikegoldcorp.com/. Prospective investors should read this offering document before making an investment decision.The Flow-Through Placement will consist of the sale of a maximum of 17,391,304 flow-through units at a price of $0.115 per flow-through unit for aggregate proceeds of up to $2,000,000, with each flow-through unit consisting of one common share which is a \"flow-through\" share for Canadian income tax purposes, a...