Klondike Gold Concludes $1.5M Private Placement

Klondike Gold Corp. has successfully completed a non-brokered private placement, raising $1,518,339.50, including $185,019.50 in flow-through shares. This financial move involved the issuance of 2,176,700 flow-through units at $0.085 each and 17,777,600 regular units priced at $0.075 per unit. Each unit includes a common share and a share purchase warrant, exercisable at $0.12 until April 2027.

Private placement participants include company insiders who acquired a combined 588,200 flow-through units and 6,463,300 units. The transaction is deemed a "related party transaction" but is exempt from certain regulatory requirements due to its nature and value.

Proceeds will fund exploration of Klondike's Yukon assets and general operations. CEO Peter Tallman highlighted shareholder support, enhancing the company's capacity for their 2025 exploration program.