Klondike Silver Closes First Tranche of Private Placement
September 7, 2018 (Source) — Klondike Silver Corp. (the “Company”) (TSX.V: KS) On August 21 the Company announced intentions to raise $1,750,000 via a non-brokered private placement. Klondike Silver is pleased to announce that it has closed the first tranche of the private placement representing 16,800,000 units for gross proceeds of $840,000. Completion of the Private Placement is subject to the approval of the TSX Venture Exchange. The net proceeds will be used for advancing properties and for general working capital. All Units are subject to a four-month hold period from the date of issuance.
For additional information please visit the company website www.klondikesilver.com
About Klondike Silver
Klondike Silver’s Royalty Free SILVER LEAD ZINC land package (100 km2) is located in the SLOCAN MINING CAMP(Southeast British Columbia – 138 km North of Teck’s Silver Lead Zinc smelter (Trail B.C.)). Based on the British Columbia MINFILE mineral database, sixty eight (68) of the one hundred and seventy three (173) past producing Silver Lead Zincmines in the Slocan Mining Camp are located in the Klondike Silver land package. Klondike Silver has created the first real opportunity to invest in and properly explore a sizeable portion of one of the most historic mining camps in British Columbia. Klondike likes to think of the Slocan as the last best under explored Silver Lead Zinc camp in Canada. For additional information please visit the company website www.klondikesilver.com.
On Behalf of the Board of Directors
Klondike Silver Corp.
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Thomas Kennedy, B.Comm., J.D.
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.
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