November 15, 2013
NV & Vancouver, BC - November 15, 2013 - Klondex Mines Ltd.
(TSX:KDX; OTCQX: KLNDF) (“Klondex”, or the “Company”) is pleased to
announce that it has obtained a receipt (the “Receipt”) for its final
short form prospectus dated November 14, 2013 (the “Prospectus”) filed
with the securities regulatory authorities in each of the provinces of
Canada, except Quebec. The Prospectus qualifies the distribution of
14,200,000 common shares of the Company (the “Common Shares”) issuable
upon the deemed exercise of 14,200,000 special warrants (the “Special
Warrants”) previously issued by the Company. As previously announced,
the Special Warrants were issued on a private placement basis on October
16, 2013 through a syndicate of agents led by GMP Securities L.P. and
including MGI Securities Inc., Mackie Research Capital Corporation, M
Partners Inc., Euro Pacific Canada Inc., Jones, Gable & Company
Limited and PI Financial Corp. In accordance with the terms of the
indenture governing the Special Warrants, each Special Warrant entitles
the holder thereof to receive, upon exercise or deemed exercise thereof
and for no additional consideration, one Common Share.
All unexercised Special Warrants will be deemed to be exercised on
November 20, 2013. Following the deemed exercise, holders of Special
Warrants should check with their broker to ensure the underlying Common
Shares have been properly credited to their account (other than those to
be issued to certain holders, including United States holders, who will
receive physical certificates representing Common Shares).
A copy of the Prospectus and the Receipt are available on SEDAR under the Company’s profile at www.sedar.com.
About Klondex Mines Ltd. (www.klondexmines.com)
Klondex Mines is focused on the exploration and development of its
high-grade Fire Creek gold deposit in North-Central Nevada. Fire Creek
is a compelling gold project located in a mining-friendly jurisdiction,
near major producers, power, transportation, mining infrastructure and
milling facilities. As at November 15, 2013, and assuming the conversion
of the Special Warrants to Common Shares, the Company had 79.2mm Common
Shares issued and outstanding and 103.1mm Common Shares, fully diluted.
Klondex Mines Ltd.
President & CEO
Klondex Mines Ltd.
Manager, Investor Relations
Catalyst Global LLC
Cautionary Note Regarding Forward-Looking Information
This news release contains certain information that may constitute
forward-looking information under applicable Canadian securities
legislation. This forward-looking information entails various risks and
uncertainties, is based on current expectations, is subject to a number
of uncertainties and risks, and actual results may differ materially
from those contained in such information. These uncertainties and risks
include, but are not limited to, the strength of the global economy; the
price of gold; operational, funding and liquidity risks; the degree to
which mineral resource estimates are reflective of actual mineral
resources; the degree to which factors which would make a mineral
deposit commercially viable are present; the risks and hazards
associated with underground operations. Risks and uncertainties about
the Company’s business are more fully discussed in the Company’s
disclosure materials filed with the securities regulatory authorities in
Canada and available at www.sedar.com. Readers are urged to read these
materials. The Company assumes no obligation to update any
forward-looking information or to update the reasons why actual results
could differ from such information unless required by law.
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