The TSX Venture Exchange has accepted for filing documentation supporting Klondike Gold Corp.'s acquisition of 68,653,460 shares in Klondike Star Mineral Corp. A total of 49,173,816 Klondike Star shares were validly tendered and taken up as of July 18, 2014, pursuant to the offer to acquire all of the issued and outstanding common shares of Klondike Star, representing 71.6 per cent of the total shares of Klondike Star.

The offer has now formally expired and will not be extended. Pursuant to the offer, holders of Klondike Star shares will receive 0.25 of one common share of the company for each Klondike Star share tendered, totalling 12,293,454 Klondike Gold shares.

The company also acquired $1,077,894 (U.S.) in debt and loans owed by Klondike Star for the issuance of a total of 21,557,880 share purchase warrants of the company. Each loan warrant will be exercisable into a common share of the company at 10 cents per share to Jan. 18, 2017.

The company will use the amalgamation/merger provisions under Delaware law to acquire the remaining 29 per cent of the outstanding shares of Klondike Star. A total of 17,163,365 Klondike Gold shares will have been issued when all shares of Klondike Star are acquired.

For further information, please see the company's news release dated July 18, 2014.