Monday, March 19, 2018

Klondex Mines Ltd. - KDX.t

Klondex Mines Ltd. - KDX.t is a gold and silver producer focused in North Central Nevada. The company operates three producing mineral properties: the Fire Creek Mine and the Midas Mine and ore milling facility, both in Nevada, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba.
On March 19, 2018 the media released News

Hecla Mining Company will acquire all the outstanding shares of Klondex Mines Ltd. through a plan of arrangement. Klondex's Canadian assets will be spun out to its existing shareholders.

Under the Transaction, Hecla will acquire Klondex for consideration of $462-million (U.S.) with a mix of cash and shares of Hecla common stock and the newly formed company (Klondex Canada). Klondex's shareholders will receive $2.47 (U.S.) per share in cash or shares of Hecla, which represents a 59-per-cent premium to Klondex's 30-day volume-weighted average price, as at March 16, 2018, on the NYSE American.
On February 22, 2018 the company released News

Klondex Mines Ltd. today announced the Company has increased the borrowing capacity of its credit facilities.