Klondex Mines Announces Proxies Will be Accepted Up to Commencement of Annual Meeting, Tomorrow, Thursday, June 28th
Vancouver, BC� June 27, 2012 � Klondex Mines Ltd. (TSX: KDX and OTCQX: KLNDF), a Nevada gold exploration and development company, today announced that the Annual General Meeting of the Shareholders will be held tomorrow, Thursday, June 28, 2012. The meeting will take place in the offices of Heenan Blaikie LLP, 2900-333 Bay Street, Toronto, Ontario at 9:00am eastern standard time.
The Board of Directors has waived the proxy cut-off in respect of the meeting and will now accept proxies up to the commencement of the meeting.
Klondex Mines is focused on the exploration and development of its 100% owned Fire Creek gold deposit in North Central Nevada. Fire Creek is a compelling gold mining prospect located near power, transportation, mining infrastructure and several milling facilities. Fire Creek�s mineral resource is reviewed in the most recent technical report that is available here with additional disclosure available via SEDAR.
As of June 15, 2012, Klondex had 47.0million shares issued and outstanding and 59.1 million shares on a diluted basis.
Sample results cited in this news release were obtained from HQ diameter core drill holes (96mm hole; 63.5mm core) completed by American Drilling, an independent contractor working under the direction of Klondex Gold & Silver staff. Assays were determined by ALS Minerals, Reno, Nevada, an independent analytical laboratory.
The contents of this press release have been reviewed by Steven L. McMillin, CPG-11031 (American Inst. of Prof. Geol.) and Chief Geologist for Klondex Mines Ltd., as a non-independent Qualified Person.
This news release contains forward-looking statements, including about current expectations on the timing of project development. These forward-looking statements entail various risks and uncertainties, are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. 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. Klondex assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING RESOURCES
This press release uses the terms "inferred mineral resources," "indicated mineral resources," and "mineral resources" which are Canadian mining terms defined in accordance with National Instrument 43-101 � Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in SEC Industry Guide 7 under the United States Securities Act of 1933, as amended. While the terms "mineral resource," "indicated mineral resources," and "inferred mineral resources" are recognized and required by Canadian regulations, they are not defined terms under SEC Industry Guide 7 and are not normally permitted to be used in reports filed with the Securities and Exchange Commission. Readers are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Readers are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. As such, information regarding resources contained in this press release may not be comparable to similar information made public by United States companies subject to reporting and disclosure requirements under United States federal securities laws and the rules and regulations promulgated thereunder.
On Behalf of Klondex Mines Ltd. |
Blane W. Wilson President & CEO |
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Contact:
Investors & Media:
Catalyst Global LLC
David Collins or Toni Trigiani, 212-924-9800
KDX@catalyst-ir.com