BRIEF-Klondike gold announces $1.2 mln private placement

Wed May 18, 2016 12:49pm EDT
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May 18 (Reuters) - Klondike Gold Corp :

* Klondike gold announces $1.2 mln private placement

* Placement will consist of sale of units at $0.30 per unit, with each unit consisting of one share,one half of share purchase warrant

* Intends to use proceeds from offering to continue exploration and development of company's yukon properties,

* Each warrant will entitle holder to purchase one common share at a price of $0.35 per common share Source text for Eikon: Further company coverage: