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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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New Klondike Exploration Ltd Announces $500,000 Proposed Private Placement Offering

Tuesday, 18 Sep 2012 03:00pm EDT 

New Klondike Exploration Ltd announced a proposed non-brokered private placement offering of units (the Offering) to investors. The Offering will consist of up to 5,000,000 units of securities of the Company (each, a Unit) at a price of $0.10 per Unit, for aggregate gross proceeds of up to $500,000. Each Unit will consist of one common share (each, a Common Share) and one-half of one common share purchase warrant (each whole common share purchase warrant, a Warrant). Each Warrant will entitle the holder thereof to purchase one additional Common Share of the Company at a price of $0.15 for a period of 24 months from the date of closing of the Offering. The Offering is subject to receipt of all regulatory or other approvals that may be necessary in order to complete the transactions contemplated therein and is expected to close during the first week of October. All securities issued pursuant to the Offering will be subject to a four-month statutory hold period. The gross proceeds of the Offering will be used to fund property maintenance costs, asset acquisition investigations, the balance of staking costs related to the acquisition of a new exploration property in Ontario and for general corporate purposes. 

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19 Aug 2014