May 13, 2013
BC - (Marketwired - May 13, 2013) - Klondex Mines Ltd. (TSX: KDX) and
(OTCQX: KLNDF) (“Klondex” or the “Corporation”) announced today the
approval by its board of directors of an advance notice policy (the
“Policy”) on May 9, 2013, which Policy, among other things, includes a
provision that requires advance notice to the Corporation in
circumstances where nominations of persons for election to the board of
directors are made by shareholders of the Corporation other than
pursuant to: (i) a “proposal” made in accordance with Division 7 of the
Business Corporations Act (British Columbia) (the “Act”); or (ii) a
requisition of the shareholders made in accordance with section 167 of
Among other things, the Policy fixes a deadline by which holders of
record of common shares of Klondex must submit director nominations to
the Secretary of the Corporation prior to any annual or special meeting
of shareholders and sets forth the specific information that a
shareholder must include in the written notice to the Secretary of the
Corporation for an effective nomination to occur. No person will be
eligible for election as a director of the Corporation unless nominated
in accordance with the provisions of the Policy.
In the case of an annual meeting of shareholders, notice to the
Corporation must be made not less than 30 nor more than 65 days prior to
the date of the annual meeting; provided, however, that in the event
the annual meeting is to be held on a date that is less than 50 days
after the date on which the first public announcement of the date of the
annual meeting was made, notice may be made not later than the close of
business on the 10th day following such public announcement.
In the case of a special meeting of shareholders (which is not also an
annual meeting), notice to the Corporation must be made not later than
the close of business on the 15th day following the day on which the
first public announcement of the date of the special meeting was made.
The Policy is effective and in full force and effect as of the date it
was approved. In accordance with the terms of the Policy, the Policy
will be put to shareholders of the Corporation for approval at the
annual and special meeting of the shareholders of the Corporation to be
held on June 18, 2013 (the “Shareholders Meeting”), and if the policy is
not confirmed at the meeting by ordinary resolution of shareholders,
the Policy will terminate and be of no further force and effect
following the termination of the Shareholders Meeting.
In compliance with the Policy, any director nominations for the
Shareholders Meeting must be received by the Corporation no later than
the close of business on May 17, 2013.
About Klondex Mines Ltd. (www.klondexmines.com)
Klondex Mines is focused on the exploration and development of its Fire
Creek gold deposit in North Central Nevada. Fire Creek is a compelling
gold mining prospect located in a region of prolific gold production,
near power, transportation, mining infrastructure and several milling
facilities. As of April 29, 2013 Klondex had 64.4 million shares issued
and outstanding and 85.7 million shares on a fully diluted basis.
For more information:
President & CEO
Klondex Mines Ltd.
Manager, Investor Relations
Klondex Mines, Ltd.
Catalyst Global LLC
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