Securities sold to fund exploration and development, working capital
By Devika Patel
Knoxville, Tenn., Nov. 20 – Klondike Gold Corp. said raised C$2.35 million in a private placement of stock and units. The deal priced for C$2.96 million on Oct. 2.
The company sold 3,125,000 flow-through common shares at C$0.20 apiece and 9,568,082 units of one common share and one warrant at C$0.18 per unit. Each warrant is exercisable at C$0.20 until Nov. 17, 2017.
The price per flow-through share and warrant strike price are a 5.26% premium to C$0.19, the Oct. 1 closing share price.
Trisec Securities Inc. bought 814,656 units for C$146,638.
Proceeds will be used for exploration and development of the company’s Yukon properties and general working capital.
Red Plug Capital was paid C$27,414 in finder’s fees.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Klondike Gold Corp.
|
| Issue: | Flow-through common shares, units of one common share and one warrant
|
| Amount: | C$2,347,255
|
| Investor: | Trisec Securities Inc. (for C$146,638)
|
| Pricing date: | Oct. 2
|
| Settlement date: | Nov. 20
|
| Stock symbol: | TSX Venture: KG
|
| Stock price: | C$0.19 at close Oct. 1
|
| Market capitalization: | C$17.5 million
|
|
|
| Flow-through stock
|
| Amount: | C$625,000
|
| Shares: | 3,125,000
|
| Price: | C$0.20
|
| Warrants: | No
|
|
|
| Units
|
| Amount: | C$1,722,255
|
| Units: | 9,568,082
|
| Price: | C$0.18
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Nov. 17, 2017
|
| Warrant strike price: | C$0.20
|
|
|
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