Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Klondike Gold plans to raise up to C$1.05M in non-brokered private placement

% of readers think this story is Fact. Add your two cents.


Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) announced Tuesday that it plans to raise up to C$1,050,000 in non-flow-through funds and flow-through by way of a non-brokered private placement.

In a statement, the company said it intends to use the proceeds from the offering to continue the exploration and development of its Yukon properties, as well as for general working capital.

The non-flow-through placement will consist of the sale of units priced at C$0.175 per unit, with each unit consisting of one common share and one-transferable share purchase warrant.

READ: Ximen Mining buys more ground near its Kenville gold mine project

The flow-through placement will consist of the sale of flow-through units at a price of C$0.19 per flow-through unit with each unit consisting of one common share of the company, which is a “flow-through” share for Canadian income tax purposes, and one-transferrable common share purchase warrant.

Each warrant will entitle the holder to purchase one common share at a price of C$0.25 per common share for a period of two years from closing.

The securities issued in connection with this transaction are subject to TSX Venture Exchange approval and all securities will be subject to a four-month statutory hold period after closing.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/917225/klondike-gold-plans-to-raise-up-to-c105m-in-non-brokered-private-placement-917225.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.