Klondike Gold Corp V.KG

Alternate Symbol(s): KDKGF

Metals & Mining Gold

Klondike Gold Corp. is a Canada-based gold exploration company. The Company is engaged in advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the Klondike Goldfields placer district. Its Yukon Placer Gold properties include the Upper Eldorado Creek, Eldorado Creek Bench and Montana Creek (McKinnon Creek or Indian River) Placer Projects. The Company holds interest in the mining claims, such as the Sophie mining claims, and the Burkhard claims. The Company also has an interest in the Gimlexs mining claims located in the Dawson mining district, Yukon Territory. Its Upper Eldorado Creek property is contained wholly within the Company’s Klondike District Property, Yukon Territory. The Company also holds a 100% interest in the Montana Creek Placer Project property located south of Dawson City, Yukon Territory.

TSXV:KG - Post by User

Klondike Gold Corp

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Post by silverbuckon Apr 18, 2011 10:42pm

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Post# 18450461

STUFF

FOR IMMEDIATE RELEASE TSX-V: KG
February 11, 2011 www.klondikegoldcorp.com
KLONDIKE GOLD CLOSES PRIVATE PLACEMENTS
VANCOUVER, BC – Klondike Gold Corp. (TSX-V: KG) (the “Company”) is pleased to announce that it has closed
the brokered and non-brokered private placements previously announced. The non-flow through private
placement consisted of a total of 9,316,000 units at a price of
.20 per unit. Each unit consisted of one non
flow through common share and one-half of one non-flow through, non-transferable share purchase warrant
(the "Warrant"). Each full Warrant entitles the holder to purchase one additional common share of the
Company at a price of
.25 for a period of three years from closing the private placement.
The flow through private placement consisted of 488,000 units at a price of
.25 per unit. Each unit consisted
of one flow through common share and one-half of one non-flow through, non-transferable share purchase
warrant (the "Warrant"). Each full Warrant entitles the holder to purchase one additional common share of the
Company at a price of
.30 for a period of two years from closing the private placement.
There are four month hold periods on all shares issued, which expire as follows: 3,850,000-March 27, 2011;
3,411,000-April 17, 2011; and 2,543,000-April 30, 2011.
In connection with the private placements, commissions were paid as follows:
Payable to: Cash
Compensation Options

(
.20 each consisting of 1 share & ½ warrant to

purchase an additional share at
.25 for 2 years)

Haywood Securities Inc. $65,720 328,600

M Partners $60,616 303,080

PI Financial Corp. $3,780 18,900

Red Plug Capital $34,212 171,060

(
.25 each consisting of 1 share & ½ warrant to

purchase an additional share at
.30 for 2 years)

Leede Financial Associates Ltd. $3,720 14,880

M Partners $2,910 11,640

The proceeds of the private placements will be used for exploration programs on its British Columbia and

Ontario Properties and for general working capital.