(TheNewswire)
April 10, 2024 – TheNewswire – Vancouver, Canada – Klondike Silver Corp.(the “Company”) (TSX.V: KS) The Company announces that itis raising up to $1,500,000 through a non-brokered private placement(the “ Offering ”) of up to30,000,000 units at a price of $0.05 per unit. Each unit will consistof one common share and one share purchase warrant, with each warrantexercisable for a period of 5 years from the closing at a price of$0.05 per share in year one and two then $0.08 per share in yearsthree, four and five. All Units are subject to a four-month holdperiod from the date of issuance. Commissions may be paid on aportion of the funds raised. The Offering is subject to TSX VentureExchange ("TSXV") final acceptance.
The net proceeds will be used for advancing the SandonB.C. project, located 138 KM north of the Trail B.C. smelter, and forgeneral working capital.
None of the foregoing securities have been and will notbe registered under the United States Securities Act of 1933, asamended (the “ 1933Act ”) or any applicable state securities lawsand may not be offered or sold in the United States or to, or for theaccount or benefit of, U.S. persons (as defined in Regulation S underthe 1933 Act) or persons in the United States absent registration oran applicable exemption from such registration requirements. Thisnews release does not constitute an offer to sell or the solicitationof an offer to buy, nor will there be any sale of the foregoingsecurities in any jurisdiction in which such offer, solicitation orsale would be unlawful.
About Klondike Silver
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Klondike’s Silvana Mine Silver ZincLead project is located in South EasternB.C.
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Klondike’s 114 square kilometer claim block is 138 km north of theTrail B.C. smelter.
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Klondike Silver is exploring fromunderground , along the 9 km “Main Lode”. The “MainLode” is the most prolific mineralized structure in the SlocanMining Camp.
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There are 13 past producing minesthat are situated along the “Main Lode” which have produced886,000 kg of silver, 95 million kg of zinc and 117 million kg lead sofar. (source: BC MINFILE).
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There are 67 past producing minesthat are situated in Klondike Silver’s 114 square kilometer claimblock. (source: BC MINFILE).
On Behalf of the Board of Directors
KLONDIKE SILVER CORP
“Thomas J. Kennedy”
CEO and Director
Additional information can be found on KlondikeSilver’s website: www.klondikesilver.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. The TSX Venture Exchange has not reviewed the contentof this news release and therefore does not accept responsibility orliability for the adequacy or accuracy of the contents of this newsrelease.
Caution Regarding Forward-Looking Information
This news release includes certain information that mayconstitute “ forward-lookinginformation ” under applicable Canadiansecurities legislation. Forward-looking information includes, but isnot limited to, statements about strategic plans, future work programsand objectives and expected results from such work programs.Forward-looking information necessarily involve known and unknownrisks, including, without limitation, risks associated with generaleconomic conditions; inability to access sufficient capital frominternal and external sources, and/or inability to access sufficientcapital on favourable terms; and other risks.
Forward-looking information is necessarily based upon anumber of estimates and assumptions that, while considered reasonable,are subject to known and unknown risks, uncertainties, and otherfactors which may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookinginformation and the risks identified in the Company’s continuousdisclosure record. There can be no assurance that such informationwill prove to be accurate, as actual results and future events coulddiffer materially from those anticipated in such information.Accordingly, readers should not place undue reliance onforward-looking information. All forward-looking information containedin this news release is given as of the date hereof and is based uponthe opinions and estimates of management and information available tomanagement as at the date hereof. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,except as required by law.
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