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KLONDEX MINES LTD. T.KDX

"Klondex Mines Ltd is a gold and silver producer engaged in exploration, development, and production of its properties. The company has interests in three mineral properties: the Fire Creek Mine, and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The revenue of the company is generated from the sale of gold and silver."


TSX:KDX - Post by User

Post by JRaffleson Jul 27, 2016 6:05am
163 Views
Post# 25087467

Canadian Mining Journal

Canadian Mining Journal
https://www.canadianminingjournal.com/news/gold-klondex-to-purchase-hollister-mine-esmeralda-mill-from-waterton/

The sale also includes an office in Winnemucca, NV, a core shed and corporate house, a lab in Lovelock, NV, the fleet of underground mining equipment, and certain other land interests and related assets.

To raise the money for the purchase, Klondex will sell 20 million subscription receipts at a price of C$5 each for gross proceeds of C$100 million.  The underwriters immediately offered to buy 22.9 million receipts, for gross proceeds of C$114.5 million. They also have the right to an over-allotment that could raise an additional $15 million.

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