April 3, 2012
April 3, 2012 /CNW/ - The K2 Principal Fund L.P. (“K2”) announced that
it has acquired 6,503,384 common shares and 386,400 common share
purchase warrants (the “Warrants”) to purchase up to 386,400 common
shares of Klondex Mines Ltd. (“KDX”) at an exercise price of $3.50 per
share. The Warrants expire on November 29th, 2013. As a result of the
acquisition of such Shares and Warrants and assuming the exercise of the
Warrants in full, the Partnership would own 6,889,784 common shares,
representing approximately 14.69% of the issued and outstanding common
shares of Klondex Mines Ltd. (the “Common Shares”).
K2 acquired the securities for investment purposes only and may,
depending on market and other conditions, increase or decrease its
beneficial ownership, control or direction over, or exercise its current
rights to acquire, common shares or other securities of KDXthrough
market transactions, private agreements or otherwise.
For further information:
The K2 Principal Fund L.P.
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