Key Developments: Klondike Gold Corp (KG.V)
0.06CAD
23 May 2013
$0.01 (+18.18%)
$0.05
$0.05
$0.06
$0.05
1,305,003
99,202
$0.10
$0.05
Latest Key Developments (Source: Significant Developments)
Klondike Gold Corp Closes Oversubscribed Private Placement
Klondike Gold Corp announced it has completed a private placement announced on December 14, 2012. This private placement was oversubscribed and consisted of 24,545,000 shares at $0.08 per share and 3,335,000 flow-through shares at a price of $0.10 per share. The total proceeds from the financing amounted to $2,297,100. Any shares issued will be subject to a hold period expiring on June 22, 2013, June 27, 2013, or July 5, 2013. Proceeds from the private placement will be used on the Company's, Lone Star, Portuguese, and southeastern BC properties and for general working capital. The following finder's fees were paid: Haywood Securities Inc. $10,240; Canaccord Genuity Corp. $1,200; and Nazinin Jamshidi $24,000. Full Article
Klondike Gold Corp Announces Private Placement Amendment
Klondike Gold Corp announced that it is amending its private placement previously announced December 14, 2012. The financing will now consist of the sale of up to $2,000,000 worth of flow through and non-flow through shares of the Company priced at $0.10 and $0.08 per share respectively with a maximum 25,000,000 shares to be sold. Proceeds will be used for exploration expenditures on the Company's Yukon and British Columbia properties, to fund the acquisition and exploration of new mineral properties in Portugal and general working capital. Full Article
Klondike Gold Corp Announces Private Placement
Klondike Gold Corp announced it is arranging for a private placement of up to 6 million units, for total proceeds of up to $720,000. The financing will consist of flow through and non-flow through units priced at $0.12 and $0.10 per unit respectively. Each of the units will consist of one flow-through or non-flow-through common share and one-half of one non-transferable share purchase warrant with each full warrant entitling the holder to purchase one common share for three years at a price of $0.20 per share. The private placement is subject to regulatory approval and in accordance with Exchange policies, finders' fees may be paid on a portion of the funds raised. Proceeds will be used for exploration expenditures on the Company's Yukon and British Columbia properties, to fund the acquisition and exploration of new mineral properties in Portugal and general working capital. Full Article
Klondike Gold Corp Completes Financing
Klondike Gold Corp announced that it has completed the previously announced financing. The financing was fully subscribed for a total of $600,000. 5,250,000 non flow-through shares at $0.10 per share and 624,999 flow-through shares at $0.12 per share were issued along with 2,937,498 non-transferable share purchase warrants. Each warrant entitles its holder to purchase one common share at a price of $0.20 per share for a period of three years. Full Article
Klondike Gold Corp Announces Private Placement
Klondike Gold Corp announced that it is arranging for a private placement of up to six million units for total proceeds of up to $600,000. The financing Unit will consist of either flow-through shares or non flow through shares in addition to one-half, non-transferable share purchase warrant entitling the purchaser to purchase one common share for every full warrant at a price of $0.20 for three years. The offering will be priced at $0.10 per unit for non flow through share units and at $0.12 per unit for flow through share units. Proceeds will be used for exploration expenditures on the Company’s Yukon and British Columbia properties, to fund additional exploration on new targets and general working capital. Full Article
Klondike Gold Corp. Options SE British Columbia Property
Klondike Gold Corp. announced that it has entered into an option agreement with PJX Resources Inc. The agreement allows PJX to obtain a 50% undivided interest to the Company’s Vine Project, located 11 kilometers southwest of Cranbrook, British Columbia. The Property encompasses 84 claims and covers an area of 6,301 hectares. Under the terms of the option PJX is committed to spending a total of $1,500,000 over five years on the property, of which $1,000,000 must be spent on drilling. PJX will also issue to the Company up to a of 200,000 shares. The Company also announces the purchase of two mining claims from Kootenay Silver Inc. These claims are contiguous with Company’s Hughes Range property located 24 km north-east of Cranbrook, British Columbia. The terms of the agreement are a onetime payment of $10,000, and should either of these two claims go into commercial production the Company will issue 250,000 shares to Kootenay Silver Inc. Full Article
Klondike Gold Corp. Commences Drilling On Klondike Gold's Lone Star Project In Yukon
Klondike Gold Corp. announced that it confirms that it has started its 2012 exploration program with drilling between the historical Lone Star and Pioneer mines. The Company has signed a 1,500 meter drilling contract with CanDrill Global Inc. of Prince Albert, Saskatchewan, designed to gain a better understanding of the geology and structure of the Lone Star deposit. Despite the efforts of previous operators, there is still insufficient data to produce a reliable geological model of the Lone Star deposit. The 1,500 meter diamond drill program is designed to test the geology, structure, and potential for mineralization in the 500 meters between the Lone Star deposit and the Pioneer zone to the southeast. Full Article
Klondike Gold Corp. Closes Private Placement
Klondike Gold Corp. announced that it has received acceptance for the final tranche of its private placement announced on October 18, 2011. This final tranche totaled 17,470,000 shares (priced at $0.10 per share) for total proceeds of $1,747,000.00. A finder’s fee of $20,520.00 was paid to Haywood Securities Inc. Together with the initial tranche (completed Dec. 29, 2011) this private placement raised $3,147,000.00 (inclusive of finders fee’s). The securities issued under the current private placement are subject to a four month hold. With these proceeds the Company intends to advance its mineral exploration projects in the Yukon and British Columbia. In addition the Company will also actively seek opportunities to expand its property interests in Canada and abroad. Full Article
Klondike Gold Corp. Closes Private Placement Financings; Acquires Lonestar Gold Inc.
Klondike Gold Corp. announced that it has closed the private placement financing announced October 21, 2011, and also the first tranche of the private placement financing announced October 18, 2011, resulting in combined receipts of $1,898,000. In conjunction with these financings, the Company reports that it has completed the share exchange with Lonestar Gold Inc resulting in 80% of Lonestar Gold Inc being now owned by Klondike Gold Corp. (see News Release dated October 18, 2011). This share transaction consolidates Klondike Gold's position over the 700 quartz lode claims that form the Lone Star Claim Group. Full Article
Klondike Gold Corp. Appoints Chairman And Changes Management
Klondike Gold Corp. announced the appointment of Erich Rauguth to the positions of Director, President and Chief Executive Officer (CEO). Richard W. Hughes who has served the Company well for over 25 years has moved from President/CEO to the position of Chairman of the Board where he will continue to support the Company with his network of resource investors. Full Article
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