on Klondike Gold Corp. (CVE:KG)
Klondike Gold Secures $3 Million for 2026 Drill Expansion
Klondike Gold Corp. has successfully concluded a non-brokered private placement financing, raising $3,086,959. This funding will support the advancement of the Klondike District Gold Project, located in Yukon, Canada. The financing enables the company to double its drilling efforts, targeting an additional 8,000 meters.
The company issued 20,579,729 units at $0.15 per unit, each comprising one common share and one purchase warrant with a strike price of $0.20, valid until February 2028. The securities are subject to a holding period expiring in June 2026.
Insiders participated, acquiring 990,000 units, constituting related party transactions under MI 61-101. Proceeds will fund exploration and development activities, with a focus on the Lone Star and Stander deposits.
R. P.
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