Klondike Gold Closes Oversubscribed Private Placement Raising $970,736

VANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) announced the successful closing of its oversubscribed non-brokered private placement financing, raising $970,736.85. The Company issued a total of 10,785,965 units at $0.09 per unit, including 10,785,965 common shares and 10,785,965 share purchase warrants.

Warrants are exercisable at $0.15 per share, valid for two years until May 17, 2026. The Company also paid $8,640 in cash finder's fees and issued 96,000 finder's warrants to Haywood Securities Inc. and Canaccord Genuity Corp.

The proceeds will fund exploration, drilling programs, and general working capital at the Klondike District Property in the Dawson mining district, Yukon, Canada.

Insiders acquired 3,613,888 units in the private placement, with no new insiders created or changes of control occurring as a result.