By Marketwire,
February 2, 2009 at 8:30 PM
KIRKLAND LAKE, ONTARIO--(Marketwire - Feb. 2, 2009) - Kirkland Lake Gold Inc. (the "Company") (TSX:KGI)(AIM:KGI) is pleased to announce it has received subscriptions pursuant to a non-brokered private placement for 2,200,000 units at a price of CDN$4.85 per unit for gross proceeds of CDN$10.67 million. Each unit shall consist of one common share and one quarter of a share purchase warrant. Each whole warrant is exercisable to purchase one common share for a period of 12 months from the date of issue at a price of CDN$5.50. Closing is anticipated to occur within the next week upon receipt of the balance of the subscription funds.