Business
Klondike Gold Raises $2,105,886 as First Tranche of Private Placement
VANCOUVER, BC / ACCESSWIRE / March 18 , 2019 / Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; ...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Raises $2,105,886 as First Tranche of Private PlacementVANCOUVER, BC / ACCESSWIRE / March 18, 2019 / Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (\"Klondike Gold\" or the \"Company\") is pleased to report that the Company has closed the first tranche of its non-brokered private placement financing (the \"Financing) as announced February 20, 2019. It is anticipated that the second tranche will be completed in the coming weeks.The Company has issued 7,790,390 flow-through units (each a \"FT Unit\") at the price of $0.22 and 1,910,000 non-flow-through units (each a \"Unit\") at a price of $0.20 per unit for gross proceeds of $2,105,885.80Each FT Unit is comprised of one common share which is a \"flow-through\" share for Canadian income tax purposes and one warrant exercisable at $0.35 per share until March 18, 2022. Each non flow-through Unit is comprised of one common share and one warrant exercisable at $0.35 per share until March 18, 2022. The securities issued in connection with this Financing will be subject to a statutory hold period expiring on July 19, 2019.ABOUT 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 the Lone Star gold target at the confluence of Bonanza and Eldorado Creeks, within a district scale 557 square kilometer property accessible by government maintained roads located on the outskirts of Dawson City, YT within the Tr'ondëk Hwëch'in First Nation traditional territory.On behalf of KLONDIKE GOLD CORP.\"Peter Tallman\"President and CEO (604) 609-6138 E-mail: [email protected] Website: www.klondikegoldcorp.com 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.Disclaimer for Forward-Looking Information \"This press release contains \"forward-looking information\" and \"forward-looking statements\" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-lo...