DGWA UPDATE: KLONDIKE GOLD
Today our DGWA portfolio company KLONDIKE GOLD announced the successful placement of the recent capital raise to fund the 2020 drilling program. We are very pleased that we have been able to make a substantial contribution to the success of this transaction with our European investor network.
In recent years, Klondike Gold’s stock always offered a very good time to enter before the start of the drilling season, and the stock regularly traded the lowest prices in the first quarter of recent years (see chart in the current Investor Presentation).
Given the results and conclusions of the 2019 drilling program, we expect CEO Peter Tallman and his team to make further significant steps this year to advance the project to its multi-million ounce potential.
The Yukon has so far been very little affected by Corona and the measures taken will allow the companies complying with the requirements to start their work at the beginning of the season in May. In combination with the fresh funds that have now been acquired, Klondike Gold will thus be one of the few exploration companies in the world that can operate largely according to plan despite Corona and thus gain a considerable lead over companies without financing and / or with locations that are more severely affected.
Please see the entire PR about the placement in the following link: