- Klondike Gold Corp. (KG) has announced plans to raise up to $3,000,000 through a non-brokered private placement
- The private placement will have flow-through and non-flow-through portions
- The company intends to use the proceeds from the offering to continue the exploration and development of the company’s Yukon properties
- Klondike Gold is a Vancouver-based gold exploration company advancing its 100-per-cent-owned Klondike District Gold Project located at Dawson City, Yukon
- Klondike Gold Corp. (KG) was down 3.571 per cent, trading at $0.135 at 9:56 AM ET
Klondike Gold Corp. (KG) has announced plans to raise up to $3,000,000 through a non-brokered private placement.
The private placement will have flow-through and non-flow-through portions.
The non-flow-through portion of the offering will consist of a minimum of 9,523,809 units and a maximum of 14,285,714 units of the company at a price of $0.105 per unit for aggregate proceeds of a minimum of $1,000,000 and a maximum of up to $1,500,000.
Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant entitling its holder to purchase one additional common share at an exercise price of $0.20 for a period of 24 months from the date of issue.
The offering is expected to be completed in multiple tranches, with the first tranche expected to close on or about March 23, 2023.
The flow-through placement will consist of the sale of a maximum of 17,391,304 flow-through units at a price of $0.115 per flow-through unit for aggregate proceeds of up to $2,000,000.
Each flow-through unit will consist of one common share, which is a “flow-through” share for Canadian income tax purposes, and one warrant, with each warrant entitling its holder to purchase one additional common share at an exercise price of $0.20 for a period of 24 months from the date of issue.
The company intends to use the proceeds from the offering to continue the exploration and development of the company’s Yukon properties, as well as for general working capital.
Klondike Gold is a Vancouver-based gold exploration company advancing its 100-per-cent-owned Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions in the world.
Klondike Gold Corp. (KG) was down 3.571 per cent, trading at $0.135 at 9:56 AM ET.