Klondike Gold Closes $409,000 Private Placement

Vancouver-based Klondike Gold Corp. announced the closing of its non-brokered private placement financing, raising $409,000. This includes $278,500 in flow-through funds. The placement includes 2,785,000 flow-through units at $0.10 per unit and 1,450,000 regular units at $0.09 per unit. Each unit comprises one common share and one share purchase warrant.

The 4,235,000 share purchase warrants issued are exercisable at $0.15 per share until September 2026. The company also paid a cash finder’s fee of $4,000 and issued 45,000 finder's warrants to Eventus Capital Corp. These are also exercisable at $0.15 per share until September 2026.

Insiders of the company participated in the placement, acquiring 1,000,000 flow-through units and 950,000 regular units. The proceeds from the financing will be used for the exploration and development of Klondike Gold's Yukon properties and for general working capital.