Klondike Gold Corp. (TSX.V:KG) (“Klondike Gold” or the “Company”) wishes
to announce the completion of its acquisition of 71% of the outstanding
shares of Klondike Star Mineral Corporation (“KSMC”). In
consideration for the shares of KSMC, Klondike Gold has issued
12,301,581 common shares. In the coming months the Company intends to
complete its subsequent share acquisition transaction to acquire the
remaining balance of the KSMC shares so that Klondike Gold will own 100%
of KSMC.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold Corp., is a Canadian
exploration company with offices in Vancouver, British Columbia, and
Dawson City, Yukon. The Company is focused on the development of its
Yukon gold properties, and also holds a large portfolio of gold and base
metal projects in southeastern British Columbia.
On behalf of Klondike Gold Corp.
“Peter Tallman”
President
and CEO
(604) 559-4440
E-mail: info@klondikegoldcorp.com
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.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the acquisition
of the shares of Klondike Star Mineral Corporation ("KSMC") and the
combination of the companies. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future, and include statements regarding: (a) the acquisition of the
remaining of the issued and outstanding shares of KSMC by Klondike Gold,
and (b) the receipt of approval from the TSX Venture Exchange for the
acquisition of the shares of KSMC and the issuance of the warrants. Such
statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those
contained in the statements, including: (1) TSX Venture Exchange
approval is not obtained for the acquisition of the shares or the
closing of the transaction, (2) TSX Venture Exchange approval is not
obtained for issuance of warrants (3) the inherent uncertainties and
speculative nature associated with the exploration for gold
mineralization, including the actual results of current exploration
activities, changes in project parameters as plans continue to be
refined, failure of equipment or processes to operate as anticipated,
accidents or other risks of the mining industry, (4) a decrease in the
demand for and/or a decrease in the price for gold, (5) any number of
events or causes which may delay or cease exploration and development of
the Company’s property interests, such as environmental liabilities,
weather, mechanical failures, safety concerns and labour problems, (6)
the risk that the Company does not execute its business plan, (7)
inability to retain key employees, (8) inability to finance operations
and growth, (9) an extended downturn in general economic conditions in
North America and internationally, (10) an increase in the number of
competitors with larger resources, and (11) other factors beyond the
Company’s control. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if they do
occur, what benefits the Company will obtain from them. These
forward-looking statements reflect management’s current views and are
based on certain expectations, estimates and assumptions which may prove
to be incorrect. These forward-looking statements are made as of the
date of this news release and the Company assumes no obligation to
update these forward-looking statements, or to update the reasons why
actual results differed from those projected in the forward-looking
statements. Additional information about these and other assumptions,
risks and uncertainties are set out in the “Risks and Uncertainties”
section in the Company’s MD&A filed with Canadian security regulators at www.sedar.com.
Copyright Business Wire 2014