KLONDEX MINES LTD. T.KDX

“Brower-Piven Commences Investigation Proposed...”

[GoldenPolarBear]

“...The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Klondex Mines Ltd. (NYSE American: KLDX) (“Klondex Mines” or the “Company”) relating to the proposed buyout of Klondex Mines by Hecla Mining Company.

https://www.businesswire.com/news/home/20180322006281/en/SHAREHOLDER-ALERT-Brower-Piven-Commences-Investigation-Proposed

I doubt this will have much positive impact imho..

[p.yu]

Truly amazing watching these Law firms circle the wagons on behalf of some disgruntled shareholders with higher ACB's. Do they not realize Klondex hired an investment bank to handle the process and the board must present all offers to shareholders. The only case they would have is if the board refused to entertain other offers in which case, those that might have bid have every right to bid

[JRafflesUK]

Agreed. Moreover, the take over is at a loss to most shareholders entirely due to Huets decision making in 2017. If the price were considered to be undervalued, a competing bidder would need to include the break clause cost in its increased bid for KDX.

[goldminer01]

This post has been removed in accordance with Community Policy

[TheWolff]

Clearly what is in doubt is what transpired in the 4 to 5 month prior to this negotiation that lead to this deal, there seem to be a lot of darkness around it, In my opinion HL is taking a mayor risk here as if any lawsuit is activate they are going to rightfully get hurt by it.