Klondike Gold Corp (KDKGF)

[ComstockRoyalty]

Bullish Bullish
http://www.klondikegoldcorp.com/klondike-gold-closes-5000000-private-placement-and-welcomes-eric-sprott-as-shareholder/

Vancouver, British Columbia, Canada, August 31, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) is pleased to report that the Company has closed the second tranche of its non-brokered private placement financing (the “Financing”) originally announced August 1, 2017 for gross proceeds of $2,110,040 in flow-through funds.

The Company has issued 6,206,000 flow-through units (“FT Units”) at the price of $0.34 per FT Unit for gross proceeds of $2,110,040. Each FT Unit is comprised of one common share (“Share”) which is a “flow-through” share for Canadian income tax purposes and a half-warrant, with each whole warrant exercisable at $0.45 per share until August 30, 2019 (“Warrant”). Finder’s fees associated with the second tranche closing were paid in the amount of $126,602.40 cash and 310,300 warrants having an exercise price of $0.34 per share until August 30, 2019. The securities issued in connection with this Financing will be subject to a statutory hold period which expires on December 31, 2017.

The net proceeds of the funds raised through the Financing will be used for exploration and development of Canadian mineral properties.

In total, 9,824,774 FT Units at a price of $0.34 per FT Unit for gross proceeds of $3,340,423, and 5,722,680 non flow though units at a price of $0.29 per non flow through unit for gross proceeds of $1,659,577 were issued in two tranches. The total gross proceeds of the private placement financing is $5,000,000.