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Klondike Silver Corp. — Capital/Financing Update 2023
Oct 17, 2023
45723_rns_2023-10-17_e6d7845b-df32-438d-bad6-c59f687a564a.pdf
Capital/Financing Update
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Form 51-102F3 MATERIAL CHANGE REPORT
1. Name and Address of the Issuer
Klondike Silver Corp. (the “Issuer”) 804 – 750 West Pender Street Vancouver, British Columbia V6C 2T7
2. Date of Material Change
October 11, 2023
3. News Release
On October 11, 2023, news release was issued and disseminated and subsequently filed on the System for Electronic Document Analysis and Retrieval (SEDAR+).
4. Summary of Material Change
October 11, 2023 – Units for Debt Issued. 2,233,072 Units were issued for a total value of Cdn $111,653
5. Full Description of Material Change
Klondike Silver Corp. (the “Company”) (TSX.V: KS) has issued Units for debt to various arms length parties. The various parties have agreed to a total of 2,233,072 Units to be issued for a total value of Cdn$111,653 (which includes original Loan amounts plus interest at 10%). Each Unit consists of one common share and a share purchase warrant exercisable at $0.05 for a period of 5 years. The Units are being issued at a deemed price of $0.05. The shares are subject to a four month and one-day hold period from date of issue, in accordance with the policies of the TSX Venture Exchange and applicable securities law. The TSX Venture Exchange has accepted the terms for the debt settlement.
6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
7. Omitted Information
Not applicable.
8. Executive Officer
For further information, please contact Tom Kennedy, President, tel: (604) 682-2928.
9. Date of Report
October 17, 2023