Private Placement Opents
Klondike Silver Corp. (TSX.V: KS) announces that it has arranged a
Private Placement for up to 4,000,000 flow-through and non
flow-through
units priced at $0.20 and$0.15 per unit respectively. Each unit will
consist of either one flow through or one non-flow through common share
and one non-flow through, non-transferable share purchase warrant
entitling the holder to purchase one additional common share for a
period of four years at a price of $0.25 per share in the case of flow
through units and $0.20 in the case of non-flow through units.
In accordance with Exchange policies, finders' fees may be paid on a
portion of the funds raised. The private placement is subject to
regulatory approval.
The proceeds of the private placement will be used for exploration
programs, property option payments and general working capital.
About Klondike Silver
Klondike Silver Corp. has assembled a quality portfolio of silver
properties in historic mineral districts in Canada, and is applying
advanced exploration technologies to add value to these core assets.