Klondike Silver Corp. (TSX.V: KS) is pleased to announce that it has arranged a Private Placement for up to 12,500,000 flow-through or non flow-through units priced at $0.06 per unit, for total proceeds of $750,000. Each unit will consist of either one flow through or one non-flow through common share and one non-flow through, non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of two years at a price of $0.10 per share.
In accordance with Exchange policies, finders' fees may be paid on a portion of the funds raised. The private placement is subject to regulatory approval.
The proceeds of the private placement will be used for exploration programs, property option payments and general working capital.
About Klondike Silver
Klondike Silver Corp. has assembled a quality portfolio of silver properties in historic mineral districts in North America, and is applying advanced exploration technologies to add value to these core assets. Klondike Silver is reviving the Gowganda and Elk Lake silver camps in Ontario, and tphe world-famous Klondike district of Yukon Territory. The Company owns a 100 TPD fully operational flotation mill in Sandon, BC, which is currently processing material from one of its Yukon properties and local mines in the historic Slocan Silver Camp.
CONTACT INFORMATION
Corporate Inquiries: Kevin Hull (604)-685-2222
Email: info@klondikesilver.com
Or visit Klondike Silver’s web-site: www.klondikesilver.com to see Smartstox interviews with Company President, Richard Hughes.
AGORACOM Investor Relations
Email: KS@agoracom.com
Agoracom Website: http://www.agoracom.com/ir/KlondikeS...
