New Klondike Exploration Ltd.
TSX VENTURE : NK

New Klondike Exploration Ltd.

October 09, 2014 08:20 ET

New Klondike Applies to Extend Warrant Expiry

TORONTO, ONTARIO--(Marketwired - Oct. 9, 2014) - New Klondike Exploration Ltd. (TSX VENTURE:NK) ("New Klondike" or the "Company") is pleased to announce that is has made an application to the TSX Venture Exchange ("TSXV") to extend the term of its Series 2012-A Warrants ("the Warrants") originally issued on October 24, 2012. The Warrants were issued as part of a private placement unit offering (the "Offering") which closed on October 24, 2012. A total of 2,500,000 Warrants were issued at closing of the Offering and entitle the holders thereof to purchase one common share at a price of $0.15 until October 24, 2014. Subject to TSXV approval, the Company plans to extend the term of the Warrants for a period of two years ending on October 24, 2016. Two directors of the Company hold a total of 415,625 or approximately 16.6% of the Series 2012-A Warrants.

About New Klondike

New Klondike is an Ontario focused mineral exploration and development company with a primary objective of exploring for and developing base and precious metal deposits on its Goldstorm Project. The Company presently has 19,622,845 common shares issued and outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information