VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2013) - KLONDIKE GOLD CORP. (TSX VENTURE:KG) (the "Company") is pleased to announce that it has signed a twelve-month contract with MI3 Communications Financiéres Inc. ("MI3") of Montreal, QC, to provide investor relations services to the Company for a monthly fee of $3,000. Under the terms of this contract, the Company has also granted two tranches of stock options. The first tranche of 250,000 stock options is priced at $0.10, will be exercisable for two years, and will vest over a 12 month period at 62,500 every 3 months. The second tranche of 250,000 stock options is priced at $0.20, and will begin to vest in 15 months with 62,500 options vesting every 3 months thereafter. The Company has an option to renew this contract for an additional period of six to twelve months prior to the completion of the agreement. MI3 is headed by Mario Drolet, who has extensive experience in working with the investment community.
The Company also announces that it has granted incentive stock options on 3,500,000 shares in the capital of the Company to directors and officers of the Company and 1,825,000 shares in the capital of the Company to consultants and employees of the Company. The options are exercisable for a period of three years at a price of $0.10 per share.
About Klondike Gold Corp.
Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia and Dawson City, Yukon. The Company is focused on the development of its Yukon properties. In addition, the Company holds a large portfolio of gold and base metal properties in southeastern British Columbia and in Portugal.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Service 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.