Mr. Robert Young reports
KLONDIKE GOLD COMPLETES FINANCING
Klondike Gold Corp. has completed the previously announced financing. The financing
was fully subscribed for a total of $600,000. The company issued 5.25 million non-flow-through
shares at 10 cents per share and 624,999 flow-through shares at 12 cents per
share, along with 2,937,498 non-transferable share purchase
warrants. Each warrant entitles its holder to purchase one common share
at a price of 20 cents per share for a period of three years.
The company also wishes to inform investors that it has completed all
required exploration assessment work to hold its extensive land packages
in both the Yukon and British Columbia. The company's technical team is
compiling and analyzing results from its summer exploration programs in
the Yukon and British Columbia, and further results of exploration
projects will be released as they become available.