Klondike Gold Corp. (TSX-V:KG) announced that it has closed the first tranche of its non-brokered private placement financing, raising C$1,023,450.12 of which C$699,450 is flow-through funds.
The gold exploration company said one Klondike Gold insider participated in the first tranche and acquired 1.05 million units.
Klondike Gold noted it intends to use the proceeds from the offering to continue exploration and development of its Yukon properties, as well as for general working capital.