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New Klondike Exploration Ltd Announces Private Placement Closing


Thursday, 25 Oct 2012 08:45am EDT 

New Klondike Exploration Ltd announced that is has closed the previously announced non-brokered private placement offering (the "Offering") of 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 $500,000. Each Unit consists 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 entitles the holder thereof to purchase one Common Share at a price of $0.15 for a period of 24 months from the date of closing of the Offering. The 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. 

Company Quote

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19 Sep 2014