Klondike Silver Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on June 6, 2023. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable for a period of 3 years from the closing at a price of CAD 0.075 per share.

Subject to certain limitations discussed below, the transaction is open to all existing shareholders of the company. All units are subject to a four-month hold period from the date of issuance. The company may pay commissions on a portion of the funds raised.

The transaction is subject to TSX Venture Exchange final acceptance.