Message #52 From:
NewsBot Date: December 22, 2006 12:38:00 PM
KDSM News Klondike Star Not Aware of Any Developments to Account for Stock Volatility - Company Exploration Projects & Financing Remain on Track
SEATTLE--(BUSINESS WIRE)--Klondike Star Mineral Corporation (OTCBB:KDSM), in response to
shareholder inquiries, today announced that the Company is unaware of
any developments concerning the business of Klondike Star that could
account for the recent trading volatility of the Company’s
common stock.
“As a matter of policy, the Company
generally does not address trading trends regarding its stock”,
states, Hans Boge, P.Eng., President. “Our
shareholders should know that Klondike Star’s
mineral exploration programs, including the two advanced-stage
exploration projects, Lone Star and Indian River Placer, are proceeding
as planned and as previously reported.”
Boge also noted Klondike Star continues to be well funded and debt free, “An
8K report is being filed announcing the Company has over-sold its
November 15, 2005 private placement offering of 4,000,000 shares of
common stock at $2.75 per share, with proceeds of USD $11,915,700 for a
total of 4,332,982 common shares.
For the information of shareholders, Klondike Star’s
offices are closing for the holiday season effective Saturday, December
23, 2006 and will re-open on January 2, 2007.
About Klondike Star
Klondike Star Mineral Corporation is an established exploration and
development company actively working on eight major properties,
totalling 463 square kilometers or 179 square miles in the Yukon,
Canada. The company is developing extensive surface and subsurface
mineralized zones on a 370 square kilometer or 143 square mile land
position underlying the site of the Klondike gold-producing region in
the Dawson mining district. These holdings include, but are not limited
to properties known as the Lone Star Project and the Indian River Placer
Project, both advanced stage exploration. Additionally, Klondike Star
holds interests in 93 square kilometers or 36 square miles of select
high potential targets for gold, base and precious metals in the Watson
Lake and Whitehorse mining districts of the Yukon.
The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's results
from new products or actions in development are forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements in this document may also contain
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Since this information may contain statements that involve risk
and uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results.
