Klondike Gold Corp. reports gold exploration, resource-expansion and corporate developments tied to its 100% owned Klondike District Property near Dawson City in Yukon, Canada. Recurring updates include diamond-drill assay results, structural and lithologic modeling, work at the Lone Star, Stander and Eldorado Creek target areas, and references to the company’s NI 43-101 mineral resource work.
The company’s releases also cover financing activity for drill programs, production royalty revenue from the Montana Creek Placer Property, annual meeting results, board and auditor matters, stock option plan approvals, and capital-markets communications for its TSXV, Frankfurt and OTCQB-traded securities.
Klondike Gold has successfully closed an oversubscribed non-brokered private placement financing, raising $970,736.85. This financing involved the issuance of 10,785,965 units at $0.09 per unit, consisting of one common share and one share purchase warrant exercisable at $0.15 per share until May 17, 2026. Additional finder's fees were paid in cash and warrants to Haywood Securities and Canaccord Genuity. The funds will be used for exploration, drill programs, and general working capital for the Klondike District Property in Yukon. Notably, three insiders participated, acquiring 3,613,888 units, but no new insiders were created or control changes occurred. All securities are subject to a four-month hold period. The company also announced participation in several upcoming investment conferences.
Klondike Gold Corp. (TSXV:KG) (OTCQB:KDKGF) has announced a non-brokered private placement aiming to raise up to $850,000. The offering consists of 9,444,444 units priced at $0.09 per unit. Each unit includes one common share and one share purchase warrant. The warrant allows the holder to purchase an additional share at $0.15 for up to 24 months. The funds will support ongoing and future exploration, drill programs, and general working capital. This financing is subject to TSX Venture Exchange approval and a four-month plus one-day hold period.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.