Klondike Gold Corp. (TSX.V:KG) (“Klondike Gold” or the “Company”)
announces that the TSX Venture Exchange has approved a share
consolidation of the outstanding share capital of the Company. On July
4, 2014, the Board of Directors approved a consolidation (the
"Consolidation") of the Company’s common shares on the basis of ten (10)
pre-Consolidation common shares for one (1) post-Consolidation common
share. The reasons for the Consolidation are to increase the Company's
flexibility and competitiveness in the market place and to make the
Company's securities more attractive to a wider audience of potential
investors.
The Consolidation will be effective at the open of the market on Monday,
July 28, 2014 (the "Effective Date"). The Company will not change its
name as part of the Consolidation, but will issue new share certificates
under a new CUSIP number, which is 498903301. The Company's common
shares will continue to trade on the TSX Venture Exchange under its
current symbol "KG".
The Company currently has 128,728,462 common shares issued and
outstanding. As at the Effective Date, the Company will have
approximately 12,872,846 common shares issued and outstanding.
Registered shareholders will receive a letter of transmittal from
Computershare Investor Services Inc., the Company's transfer agent, with
information on how to replace their old share certificates with the new
share certificates. Brokerage firms will handle the replacement of share
certificates on behalf of their shareholders accounts.
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.
THIS NEW RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS. THESE
STATEMENTS ARE BASED ON CURRENT EXPECTATIONS AND ASSUMPTIONS THAT ARE
SUBJECT TO RISKS AND UNCERTAINTIES. ACTUAL RESULTS COULD DIFFER
MATERIALLY BECAUSE OF FACTORS DISCUSSED IN THE MANAGEMENT DISCUSSION AND
ANALYSIS SECTION OF OUR INTERIM AND MOST RECENT ANNUAL FINANCIAL
STATEMENT OR OTHER REPORTS AND FILINGS WITH THE TSX VENTURE EXCHANGE AND
APPLICABLE CANADIAN SECURITIES REGULATIONS. WE DO NOT ASSUME ANY
OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS.
Copyright Business Wire 2014