(TheNewswire)
Vancouver, Canada – TheNewswire - March 1, 2021 – Klondike Silver Corp. (the“Company”) (TSXV:KS) is pleased to announce that it hasreceived conditional approval from the TSX Venture Exchange for the fully committed non-brokered private placement announced February24, 2021. The private placement will raise gross proceeds of$1,120,600 through the issue of 8,620,000 shares at a price of $0.13per share. All shares will be subject to a four-month hold periodfrom the date of issuance. Commissions will be paid on the fundsraised.
The closing of the private placement is subject to completion offormal documentation and the approval of the TSX Venture Exchange.
The net proceeds will be used for advancing Klondike’s Sandon B.C.Silver Zinc Lead project, and for general working capital.
About KlondikeSilver
Klondike’s Silvana Mine Silver ZincLead project is located inSouth Eastern B.C. , 138 km north of the TrailB.C. smelter. The Company is exploring the western extension of theSilvana Mine, along the “Main Lode”. The “Main Lode” is a 9km vein structure which is the most prolific mineralized structure inthe Slocan Mining Camp. There are 13 historical mines that aresituated along the 9 km vein structure which have produced 886,000 kgof silver, 95 million kg of zinc and 117 million kg lead so far. Including 8 of the 13 above there are 68 historical mines that aresituated in the Klondike Silver 116 squarekilometer claim block which have produced1,258,000 kg of silver, 72 million kg of zinc and 158 million kg leadso far. (source: BC MINFILE).
Additional information can be found on the Company website: www.klondikesilver.com
On Behalf of the Board of Directors | Contact Information |
Klondike Silver Corp. | Corporate Inquiries: |
"Thomas Kennedy" | Dale Dobson: (604) 682-2928 |
Thomas Kennedy, B.Comm., J.D. | |
CEO, Director |
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.
This news release may contain assumptions, estimates,and other forward-looking statements regarding future events. Suchforward-looking statements involve inherent risks and uncertaintiesand are subject to factors, many of which are beyond the Company'scontrol that may cause actual results or performance to differmaterially from those currently anticipated in such statements.
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