Klondike Gold Closes Private Placement
Company Signs Investor Relations Contract
Klondike Gold Corp. (TSX.V: KG) is pleased to announce it has
received acceptance for the final tranche of its private placement
announced on October 18, 2011. This final tranche totaled 17,470,000
shares (priced at $0.10 per share) for total proceeds of $1,747,000.00.
A finder′s fee of $20,520.00 was paid to Haywood Securities Inc.
Together with the initial tranche (completed Dec. 29, 2011) this private
placement raised $3,147,000.00 (inclusive of finders fee′s). The
securities issued under the current private placement are subject to a
four month hold.
During the current Quarter the company has exceeded its financing
targets, raising a total of $3,760,000.00. These funds, in addition to
the $1,039,204.00 held by Lonestar Gold Inc.?80% of which is owned by
the Company?will bring the total funds available to the Company to
$4,799,204.00.
With these proceeds the Company intends to advance its mineral
exploration projects in the Yukon and British Columbia. In addition the
Company will also actively seek opportunities to expand its property
interests in Canada and abroad.
The company also wishes to announce it has engaged The Raya Group of
Vancouver to assist with its investor relations. The Raya Group is
headed by Robert A. Young and has over 20 years experience in working
with the investment community.
With the acquisition of Lonestar Gold Inc. the Company consolidated its
interest in the hard rock gold camp in the Klondike Gold Fields
immediately to the south east of Dawson City, Yukon. Subsequent to this,
the Company is building a geological team whose focus will be on
advancing its projects in the Yukon and British Columbia.
The previously announced compilation of historic and recent Lonestar
data from its Yukon property is proceeding well. Having obtained the
professional and technical capacity needed to advance exploration, the
company is currently engaged in securing the logistical and supporting
infrastructure for this year′s exploration effort.
ABOUT KLONDIKE GOLD CORP. Klondike Gold Corp. is a Canadian
exploration company focused on generating and adding value to grassroots
projects through the discovery process. The Company is exploring diverse
projects prospective for precious and base metals in known mineral
districts of Canada, including the historic Klondike Gold Fields of the
Yukon and southern British Columbia.
Please note that the company′s website is presently under construction. www.klondikegoldcorp.com
Klondike Gold Corp.
Robert A. Young 604-685-2222 (Ext 398)
info@klondikegoldcorp.com
or
Erich
Rauguth, 604-685-2222
President & CEO