KLONDIKE SILVER CORP.

Klondike Silver to raise up to $1m in private placement

Frik Els | May 23, 2011
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Klondike Silver Corp. announced on Tuesday it has arranged for a private placement of up to 4,000,000 units for total proceeds of up to $1,000,000.

Proceeds from the private placement will be used for exploration expenditures on the Company’s Yukon, British Columbia and Ontario mineral properties as well as for general working capital. Klondike Silver is a member of the Hughes Exploration Group of Companies.

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