Company sells 31.47 million shares to finance its exploration projects
By Devika Patel
Knoxville, Tenn., Feb. 9 - Klondike Gold Corp. said it settled a C$1.75 million final tranche of a C$3.15 million private placement of stock. Haywood Securities Inc. was paid a finder's fee.
The company sold 31.47 million common shares at C$0.10 apiece, with 17.47 million shares sold in the final tranche. The price per share represents a 41.18% discount over the Feb. 8 closing share price of C$0.17.
Proceeds will be used to advance mineral exploration projects in the Yukon and British Columbia.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Klondike Gold Corp.
|
| Issue: | Common stock
|
| Amount: | C$3,147,000
|
| Shares: | 31.47 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Settlement date: | Feb. 9 (for C$1,747,000)
|
| Stock symbol: | TSX Venture: KG
|
| Stock price: | C$0.17 at close Nov. 8
|
| Market capitalization: | C$3.88 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
