Klondike Gold Closes $1,518,339 Private Placement
Klondike Gold (OTCQB:KDKGF) has successfully closed a non-brokered private placement financing, raising $1,518,339.50, including $185,019.50 in flow-through funds. The company issued 2,176,700 flow-through units at $0.085 per unit and 17,777,600 units at $0.075 per unit.
The placement included a total of 18,865,950 share purchase warrants, exercisable at $0.12 per share until April 14, 2027. Three company insiders participated, acquiring 588,200 Flow-Through Units and 6,463,300 Units. Notable participants included Peter Tallman, increasing his holdings to 11.71% of common shares, and Frank Giustra, now holding 7.88% of outstanding shares.
The proceeds will fund exploration and development of Klondike's Yukon properties and general working capital. All securities issued are subject to a holding period until August 15, 2025.
Klondike Gold (OTCQB:KDKGF) ha completato con successo un finanziamento privato senza intermediari, raccogliendo 1.518.339,50 $, di cui 185.019,50 $ in fondi flow-through. La società ha emesso 2.176.700 unità flow-through a 0,085 $ ciascuna e 17.777.600 unità a 0,075 $ ciascuna.
Il collocamento ha incluso un totale di 18.865.950 warrant per l'acquisto di azioni, esercitabili a 0,12 $ per azione fino al 14 aprile 2027. Tre dirigenti della società hanno partecipato, acquisendo 588.200 unità Flow-Through e 6.463.300 unità ordinarie. Tra i partecipanti di rilievo figurano Peter Tallman, che ha aumentato la sua partecipazione all'11,71% delle azioni ordinarie, e Frank Giustra, che detiene ora il 7,88% delle azioni in circolazione.
I proventi finanzieranno l'esplorazione e lo sviluppo delle proprietà di Klondike nello Yukon e il capitale circolante generale. Tutti i titoli emessi sono soggetti a un periodo di blocco fino al 15 agosto 2025.
Klondike Gold (OTCQB:KDKGF) ha cerrado con éxito una financiación privada sin intermediarios, recaudando 1.518.339,50 $, incluyendo 185.019,50 $ en fondos flow-through. La compañía emitió 2.176.700 unidades flow-through a 0,085 $ por unidad y 17.777.600 unidades a 0,075 $ por unidad.
La colocación incluyó un total de 18.865.950 warrants para la compra de acciones, ejercitables a 0,12 $ por acción hasta el 14 de abril de 2027. Tres directivos de la empresa participaron, adquiriendo 588.200 Unidades Flow-Through y 6.463.300 Unidades ordinarias. Entre los participantes destacados se encuentran Peter Tallman, que aumentó su participación al 11,71% de las acciones comunes, y Frank Giustra, que ahora posee el 7,88% de las acciones en circulación.
Los ingresos financiarán la exploración y desarrollo de las propiedades de Klondike en Yukon y el capital de trabajo general. Todos los valores emitidos están sujetos a un período de retención hasta el 15 de agosto de 2025.
Klondike Gold (OTCQB:KDKGF)는 중개인 없이 사모 자금 조달을 성공적으로 마쳐 1,518,339.50달러를 모금했으며, 이 중 185,019.50달러는 플로우스루 펀드입니다. 회사는 단위당 0.085달러에 2,176,700개의 플로우스루 유닛과 단위당 0.075달러에 17,777,600개의 유닛을 발행했습니다.
이번 배정에는 총 18,865,950개의 주식 매수 워런트가 포함되어 있으며, 2027년 4월 14일까지 주당 0.12달러에 행사할 수 있습니다. 회사 임원 3명이 참여해 588,200개의 플로우스루 유닛과 6,463,300개의 유닛을 인수했습니다. 주요 참여자로는 보통주 지분을 11.71%로 늘린 Peter Tallman과 현재 발행 주식의 7.88%를 보유한 Frank Giustra가 있습니다.
모금액은 Klondike의 유콘 지역 자산 탐사 및 개발과 일반 운전자본에 사용될 예정입니다. 발행된 모든 증권은 2025년 8월 15일까지 보유 기간이 적용됩니다.
Klondike Gold (OTCQB:KDKGF) a clôturé avec succès un financement privé sans intermédiaire, levant 1 518 339,50 $, dont 185 019,50 $ en fonds flow-through. La société a émis 2 176 700 unités flow-through à 0,085 $ l’unité et 17 777 600 unités à 0,075 $ l’unité.
Le placement comprenait un total de 18 865 950 bons de souscription d’actions, exerçables à 0,12 $ par action jusqu’au 14 avril 2027. Trois initiés de la société ont participé, acquérant 588 200 unités Flow-Through et 6 463 300 unités ordinaires. Parmi les participants notables figurent Peter Tallman, qui a porté sa participation à 11,71 % des actions ordinaires, et Frank Giustra, qui détient désormais 7,88 % des actions en circulation.
Les fonds serviront à financer l’exploration et le développement des propriétés de Klondike au Yukon ainsi que le fonds de roulement général. Tous les titres émis sont soumis à une période de détention jusqu’au 15 août 2025.
Klondike Gold (OTCQB:KDKGF) hat erfolgreich eine nicht vermittelte Privatplatzierung abgeschlossen und dabei 1.518.339,50 $ eingeworben, darunter 185.019,50 $ an Flow-Through-Mitteln. Das Unternehmen gab 2.176.700 Flow-Through-Einheiten zu je 0,085 $ sowie 17.777.600 Einheiten zu je 0,075 $ aus.
Die Platzierung umfasste insgesamt 18.865.950 Aktienkaufoptionen, die bis zum 14. April 2027 zu einem Ausübungspreis von 0,12 $ pro Aktie ausgeübt werden können. Drei Insider des Unternehmens nahmen teil und erwarben 588.200 Flow-Through-Einheiten sowie 6.463.300 Einheiten. Bedeutende Teilnehmer waren Peter Tallman, der seinen Anteil auf 11,71 % der Stammaktien erhöhte, und Frank Giustra, der nun 7,88 % der ausstehenden Aktien hält.
Die Erlöse werden zur Finanzierung der Exploration und Entwicklung der Yukon-Immobilien von Klondike sowie des allgemeinen Betriebskapitals verwendet. Alle ausgegebenen Wertpapiere unterliegen einer Haltefrist bis zum 15. August 2025.
- Successful capital raise of $1.52M to fund exploration activities
- Strong insider participation demonstrates management confidence
- Secured flow-through funding component providing tax advantages
- Long-term warrant exercise period until 2027 provides future funding potential
- Dilutive effect on existing shareholders
- Warrants at $0.12 represent potential future dilution
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / April 15, 2025 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to announce that the Company has closed a non-brokered private placement financing, raising
In closing the Private Placement, the Company issued 2,176,700 flow-through units at a price of
A total of 18,865,950 share purchase warrants issued in connection with the Private Placement are exercisable at a price of
All securities issued in connection with the Private Placement are subject to a four month and one day statutory hold period expiring on August 15, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
Three insiders of the Company participated in the Private Placement and acquired an aggregate of 588,200 Flow-Through Units and 6,463,300 Units. The purchases by these insiders constitute "related party transactions" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuances are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as they are distributions of securities for cash and the fair market value of the Units issued to, and the consideration paid by, the insiders did not exceed
The Company intends to use the proceeds from the financing to continue exploration and development of the Company's Yukon properties, as well as for general working capital.
Peter Tallman, President and CEO of Klondike states "We appreciate the significant participation and support in this financing from long term shareholders, local commercial partners, key advisors, management, and Directors. Importantly this funding enables us to move forward immediately with our 2025 exploration program, which our team has been planning in detail throughout the winter."
EARLY WARNING DISCLOSURE
Peter Tallman acquired 6,330,000 shares and 6,330,000 warrants of pursuant to the Private Placement of the Company. Prior to the Private Placement, Mr. Tallman owned an aggregate of 21,203,403 common shares, representing
Frank Giustra indirectly acquired 2,666,000 shares and 2,666,000 warrants pursuant to the Private Placement of the Company. Prior to the Private Placement, Mr. Giustra owned an aggregate 15,856,803 common shares of the Company, representing
The acquisition of the shares and warrants by Mr. Tallman and Mr. Giustra ("each, an "Acquiror") were made for investment purposes. Depending on market and other conditions, the Acquirors may from time to time in the future increase or decrease their respective ownership, control or direction over securities of the Company through market transactions, private agreements, or otherwise.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its
ON BEHALF OF KLONDIKE GOLD CORP.
"Peter Tallman"
Peter Tallman
President and CEO
FOR FURTHER INFORMATION:
Telephone: (604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
Forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans. In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.
For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
1 The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. The technical report supporting the Mineral Resource Estimate entitled "NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada" has been filed on SEDAR at www.sedarplus.ca effective November 10, 2022. Refer to news release of December 16, 2022.
SOURCE: Klondike Gold Corp.
View the original press release on ACCESS Newswire
FAQ
How much did Klondike Gold (KDKGF) raise in their latest private placement?
What is the exercise price and expiry date for KDKGF's new warrants?
How will Klondike Gold (KDKGF) use the proceeds from the private placement?
What is Peter Tallman's ownership position in KDKGF after the private placement?
When does the holding period for KDKGF's newly issued securities expire?
