Klondike Gold closes $1.85-million private placement

Executive Summary

• Klondike Gold Corp. closed a non‑brokered private placement raising $1,857,508 (including $130,008 flow‑through).
• Issued 1,083,400 flow‑through shares at C$0.12 each and 17,275,000 units at C$0.10 each (each unit = 1 common share + 1 warrant).
• Warrants (17,275,000) are exercisable at C$0.12 per share until Sept. 12, 2027; proceeds will fund Yukon exploration and general working capital.

Key Details

• Total gross proceeds: $1,857,508 (CAD).
• Flow‑through component: $130,008 eligible for Canadian tax deductions.
• Securities issued:
• 1,083,400 flow‑through shares @ C$0.12 per share.
• 17,275,000 units @ C$0.10 per unit (each unit = 1 common share + 1 common share purchase warrant).
• Warrants: 17,275,000 share purchase warrants, exercise price C$0.12, exercisable until Sept. 12, 2027.
• Statutory hold period: four months and one day, expiring Jan. 13, 2026.
• Insider participation: three insiders purchased 703,400 flow‑through shares and 1,000,000 units; transactions qualify as related‑party but are exempt from MI 61‑101 valuation/approval thresholds (≤25% market cap).
• No change of control or creation of new insiders resulted from the placement.
• Use of proceeds: continuation of exploration and development on Yukon properties and general working capital.

Notable Quotes

(No direct quotes were provided in the release.)