April 18, 2011 Klondike Silver Corp: Private Placement Amendment
VANCOUVER, BC --- Klondike Silver Corp. (the "Company") (TSX-V: KS) amended the unit price from $0.31 to $0.34 and the total proceeds from $372,000 to $408,000 has it's private placement announced on April 13, 2011. It has arranged for a private placement of up to 1,200,000 units for total proceeds of up to $ 408,000. The financing will consist of Units priced at $0.34 per Unit. Each of the units consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for five years at a price of $0.45 per share. In accordance with Exchange policies, finders' fees may be paid on a portion the funds raised. The private placement is subject to regulatory approval.
Proceeds from the private placement will be used for general working capital.
About Klondike Silver:
Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team
with a stellar track record of discovery and development in Canada.
Corporate Inquiries: Kevin Hull or Alan Campbell, (604)-685-2222
Or visit Klondike Silver's web-site: www.klondikesilver.com
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