Klondike Gold Corp. (TSX-V:KG) told investors it has increased its previously announced non-brokered private placement by $350,000 to raise gross proceeds of up to $1.1 million.
The flow-through (FT) placement, priced at $0.09 per unit, involves the sale of FT units comprising one common share and one share purchase warrant. The Non-FT placement, priced at $0.08 per unit, includes one share and one warrant. Each warrant allows the purchase of one common share at $0.18 within two years.
Proceeds will be used for exploration, development of Yukon properties, and general working capital.