Vancouver (pcJ News Breifs) – Klondike Gold Corp. (TSX-V: KG; FRA: LBDP) has closed previously announced non-brokered private placement of 10,000,000 flow-through (FT) units at $0.20 per FT unit for gross proceeds of $2,000,000
Each FT unit is comprised of one FT common share which and one non flow-through common share purchase warrant exercisable to purchase one additional non flow-through common share at the price of $0.30 until April 4, 2020.
Net proceeds will be used for exploration and development of Canadian mineral properties and for general working capital purposes.
Klondike Gold Corp. is a Canadian exploration company focused on exploration and development of its Yukon gold projects, accessible by government maintained roads located on the outskirts of Dawson City.
photo credit: Klondike Gold