(TheNewswire)
Vancouver, BC - TheNewswire - August 21, 2023 - Klondike Silver Corp. (the “Company”) (TSX.V:KS) Further to the June 6, 2023 and the July 20, 2023 news releasesannouncing a non-brokered private placement and an extension, theexchange has granted a further extension to September 20, 2023 Afirst tranche is closing raising gross proceeds of $150,000 throughthe issuance of 3,000,000 units (“Unit”) at a price of $0.05 perUnit. Each Unit will consist of one common share and one sharepurchase warrant, with each warrant exercisable for a period of 3years from the closing at a price of $0.05 per share. All Units aresubject to a four-month hold period from the date of issuance. Commissions may be paid on a portion of the funds raised. TheOffering is subject to TSX Venture Exchange ("TSXV") finalacceptance.
Private Placement participation is available to all investors subjectto current Prospectus Exemptions which includesthe Accredited Investors Exemption and the Existing ShareholderExemption. Subscribers purchasing Units under the ExistingShareholder Exemption must be a Shareholder of the Company on orbefore June 5, 2023 (Record Date) and at date of issuance andparticipation is limited to $15,000.
The net proceeds will be used for advancing the SandonB.C. (Silver Zinc,Lead) project, located 138 KM north of the TrailB.C. smelter, and for general working capital.
About Klondike Silver
-
Klondike’s Silvana Mine Silver ZincLead project is located in South EasternB.C.
-
Klondike’s 114 square kilometer claim block is 138 km north of theTrail B.C. smelter.
-
Klondike Silver is exploring fromunderground , along the 9 km “Main Lode”. The “MainLode” is the most prolific mineralized structure in the SlocanMining Camp.
-
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).
-
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.
Copyright (c) 2023 TheNewswire - All rights reserved.