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Klondike Gold Corp.: Private Placement Amendment

Jan 24 2013 12:00AM

Marketwire

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/24/13 -- Klondike Gold Corp. (TSX VENTURE: KG) (the "Company") is pleased to report that it is amending its private placement previously announced December 14, 2012. The financing will now consist of the sale of up to $2,000,000 worth of flow through and non-flow through shares of the Company priced at $0.10 and $0.08 per share respectively with a maximum 25,000,000 shares to be sold.

This amendment is subject to regulatory approval and, in accordance with Exchange policies, finders' fees in cash and/or shares may be paid on a portion of the funds raised. Proceeds will be used for exploration expenditures on the Company's Yukon and British Columbia properties, to fund the acquisition and exploration of new mineral properties in Portugal and general working capital.

About Klondike Gold Corp.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia and Dawson City, Yukon. The Company is focused on the development of its Yukon and British Columbia gold properties. In addition the Company holds a large portfolio of base metal projects in southeastern British Columbia.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.



Contacts:
Klondike Gold Corp.
Erich Rauguth
President & CEO
604-685-2222
info@klondikegoldcorp.com
WWW.KLONDIKEGOLDCORP.COM





Source: Marketwire


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