New Issue: Klondike Star Mineral closes $11.9 million placement of shares

By Laura Lutz

Des Moines, Jan .8 - Klondike Star Mineral Corp. completed an oversubscribed private placement of shares for $11,915,700.

The company sold 4,332,982 million shares at $2.75 per share. For each share, the investors also received one warrant exercisable at $3.50 each.

The deal priced on Nov. 15, 2005 as a $11 million offering of up to 4 million shares.

Based in Whitehorse, Yukon Territory, Klondike Star is a mineral exploration company.

Issuer:	Klondike Star Mineral Corp.
Issue:	Shares
Amount:	$11,915,700
Shares:	4,332,982
Price:	$2.75
Warrants:	For 4,332,982 shares
Warrant strike price:	$3.50
Pricing date:	Nov. 15, 2005
Settlement date:	Jan. 8
Stock symbol:	OTCBB: KDSM
Stock price:	$1.55 at close Jan. 8

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