On May 21, 2024, Klondike Gold Corp. closed the transaction. The company has now issued 10,785,965 units at a price of CAD 0.09 per unit consisting of 10,785,965 common shares and 10,785,965 share purchase warrants for the gross proceeds of CAD 970,736.85.

All warrants are exercisable at a price of CAD 0.15 per share for one common share in the capital of the Company for a period of two years from the date of the issuance, expiring May 17, 2026. All securities issued in connection with the Private Placement are subject to a four month and one day statutory hold period expiring on September 18, 2024, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Three insiders of the company participated in the Private Placement and acquired an aggregate of 3,613,888 Units.

The transaction was oversubscribed. The company also paid an aggregate of cash finder's fees CAD 8,640 and issued 96,000 finder's warrants.