Klondike Gold Corp.: Private Placement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/14/12 -- Klondike Gold Corp. (TSX VENTURE: KG) (the "Company") is pleased to announce it is arranging for a private placement of up to 6 million units, for total proceeds of up to $720,000. The financing will consist of flow through and non-flow through units priced at $0.12 and $0.10 per unit respectively. Each of the units will consist of one flow-through or non-flow-through common share and one-half of one non-transferable share purchase warrant with each full warrant entitling the holder to purchase one common share for three years at a price of $0.20 per share.
The private placement is subject to regulatory approval and in accordance with Exchange policies, finders' fees may be paid on a portion of the funds raised. Proceeds will be used for exploration expenditures on the Company's Yukon and British Columbia properties, to fund the acquisition and exploration of new mineral properties in Portugal and general working capital.
About Klondike Gold Corp.
Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia and Dawson City, Yukon. The Company is focused on the development of its Yukon and British Columbia gold properties. In addition the Company holds a large portfolio of base metal projects in southeastern British Columbia.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Klondike Gold Corp.
Erich Rauguth
President & CEO
604-685-2222
604-685-3764 (FAX)
info@klondikegoldcorp.com
www.klondikegoldcorp.com