Klondike Silver investor Munday sells 9.34M shares
2020-10-19 20:53 ET - News Release
Mr. Maxwell Munday, a shareholder, reports
On Oct. 19, 2020, Maxwell A. Munday sold 9.34 million common shares of Klondike Silver Corp. in a private transaction, at a price of 6.5 cents per share, for total proceeds of $607,100.
Mr. Munday now owns or controls a total of 21.06 million common shares, representing 9.95 per cent of the 211,734,035 now issued and outstanding shares. As a result of the transaction, Mr. Munday is no longer a reporting insider of the issuer.
The shares were disposed of for investment purposes. Depending on the market, the economy, the industry, the issuer's business and financial condition, and/or other relevant factors, Mr. Munday may, from time to time in the future, increase or decrease his ownership of securities of the issuer, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
This news release is being issued as required by National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection with the filing of the early warning report dated Oct. 19, 2020. The early warning report respecting this acquisition has been filed on SEDAR.