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Klondex Mines Ltd. Provides Update on Offering
Published : November 08, 2012
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TORONTO, ONTARIO--(Marketwire - Nov. 8, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Further to the press release of Klondex Mines Ltd. (News - Market indicators) ("Klondex", or the "Company") dated November 2, 2012 with respect to, among other things, the brokered private placement financing (the "Equity Offering") of non-transferable subscription receipts of the Company (the "Subscription Receipts"), the Company confirms that K2 & Associates Investment Management Inc., a significant shareholder of the Company, will subscribe for 2,390,588 Subscription Receipts under the Equity Offering. The total number of common shares issued to and made issuable to insiders of the Company in a six month period will now be 4,398,429, representing approximately 9.3% of the issued and outstanding common shares of the Company and as a result, in accordance with the rules of the Toronto Stock Exchange (the "TSX"), common shares held by insiders of the Company will not be excluded from the shareholder approval required for the issuance of the common shares under the Equity Offering.

As noted in the press release dated November 2, 2012, the Equity Offering remains subject to the receipt of all required regulatory approvals, including, without limitation, the approval of the TSX. The Company confirms that the Equity Offering is still on schedule to close on or about November 20, 2012.

About Klondex Mines Ltd. (www.klondexmines.com)

Klondex 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 that is near power, transportation, mining infrastructure and several milling facilities. As of October 30, 2012, Klondex had 47.3 million shares issued and outstanding, and 59.6 million shares on a fully-diluted basis.

This news release contains forward-looking statements, including about current expectations on the timing of the Equity Offering. 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 ability to successfully complete the Equity Offering, the approval of the shareholders of the Company of the Equity Offering, the approval of the TSX, 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 Klondex's business are more fully discussed in Klondex'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.

On Behalf of Klondex Mines Ltd.

Paul Huet, President & CEO



Investor & Media Contact:
Catalyst Global LLC
David Collins / Toni Trigiani
212-924-9800
KDX@catalyst-ir.com
Companies Mentionned : Catalyst | Klondex Mines | Mineral Resources | Total |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Klondex Mines Ltd

DEVELOPMENT STAGE
CODE : KDX.TO
ISIN : CA4986961031
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Klondex Mines is a gold and silver development stage company based in Canada.

Klondex Mines holds various exploration projects in USA.

Its main asset in development is FIRE CREEK in USA and its main exploration properties are MAGGIE CREEK, REEF, HOT SPRINGS POINT, CORRAL CANYON and SWALES MOUNTAIN in USA.

Klondex Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 596.4 millions as of today (US$ 453.7 millions, € 407.1 millions).

Its stock quote reached its lowest recent point on December 08, 2000 at CA$ 0.06, and its highest recent level on March 04, 2016 at CA$ 4.04.

Klondex Mines has 140 660 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Corporate Presentations of Klondex Mines Ltd
5/6/2008to Highlight New Gold Intercepts from its Nevada Exploration...
In the News and Medias of Klondex Mines Ltd
6/30/2009UPDATE 1-Klondex Mines rejects SilverCorp's hostile bid
Annual reports of Klondex Mines Ltd
2007 Annual report
Financings of Klondex Mines Ltd
12/9/2013Klondex Updates Proposed Financing with Franco-Nevada
11/2/2012Announces $20 Million Equity Financing and US$7 Million Debt...
11/15/2011Announces Equity Financing
11/10/2010Completes $9 Million Bought Deal Private Placement
10/26/2010Announces Terms of $9 Million Bought Deal Private Placement
10/26/2010Announces Private Placement
3/12/2009Arranges Non-Brokered Private Placement
8/21/2008Completes CDN $1.75 Million Private Placement
8/1/2008Arranges Non-Brokered Private Placement
Nominations of Klondex Mines Ltd
11/15/2013Appoints Barry Dahl as Chief Financial Officer
9/14/2013Appoints Ritch Hall as Special Advisor to the Board
6/29/2012=2DKlondex Mines Announces Independent Board of Directors El...
10/12/2009Appoints Dr. W. Lang to its Board of Directors
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5/22/2007Expands Board with Appointment of Mining Industry Executive,...
Project news of Klondex Mines Ltd
3/17/2015(Fire Creek)Files Pre-Feasibility Study Technical Report in Relation to ...
1/19/2015Recovers 107,860 Au Equivalent Ounces in First Year of Produ...
1/14/2014continues to Strengthen Nevada Operations Team; Klondex to E...
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12/4/2013Enters into Definitive Agreement with Newmont to Acquire the...
11/1/2013(Fire Creek)Files Technical Report in Connection with Fire Creek Project
10/31/2013Klondex to Begin Drilling West Zone
9/16/2013Reports Updated Resource Estimate
5/13/2013Visible Gold from Exploration
4/2/2013Klondex Secures Toll Milling Agreement w/ Veris Gold for Fir...
1/22/2013Klondex Discovers a New "West Zone" With Significant Visible...
11/20/2012(Fire Creek)Secures Mining Experts to Advance Fire Creek Gold Project in...
9/24/2012(Fire Creek)Drills 2=2C910 g=2Ft (85 oz=2Fton) Gold over 1.5 Meters at t...
4/13/2012(Fire Creek)Underground In-Fill Drilling Continues to Intersect Gold Min...
1/10/2012Nevada Gold Explorer Klondex Mines Presents Sunday=2C Jan. 2...
11/10/2011Surface Drilling at Klondex=E2??s Fire Creek Gold Property i...
10/18/2011(Fire Creek)Continues to Advance Surface Exploration and Underground Dev...
10/5/2011(Fire Creek)Draws U.S. $5 Million from Gold Loan to Fund Continued Devel...
2/15/2011(Fire Creek)Discovers High-Grade Gold Vein in Nevada with 0.31 oz/ton Go...
2/15/2011Klondex Discovers High-Grade Gold Vein in Nevada with 0.31 o...
12/13/2010(Fire Creek)Identifies Six Previously Unknown Gold Vein Structures and E...
12/17/2009(Fire Creek)Secures BLM Permits for Confirmation Program at Fire Creek
5/29/2009(Fire Creek)to Highlight 1.6 mm Oz. Indicated Gold Resource (and 0.5 mm ...
4/1/2009(Fire Creek)43-101 Shows 1.640 Million Ounces Gold Equivalent Indicated
3/27/2009Nevada High-Grade Gold Exploration Company, Klondex Mines, C...
3/2/2009(Fire Creek)Releases Final Gold Assays From 2008 Fire Creek Drill Progra...
12/12/2008Initiates High-Grade Gold Resource Update to Include Two Yea...
10/14/2008(Fire Creek)New High-Grade Gold Intercepts Extend Vein Zones to North an...
3/19/2008(Fire Creek) Confirms Gold Intercept of 0.37 oz/ton (12.7 g/t) over 25 f...
1/17/2008(Fire Creek)'s Drills Gold Intercepts of 67.2 gpt over 1.5 meters
Corporate news of Klondex Mines Ltd
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12/29/2015Klondex Announces Changes to Its Board of Directors
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12/17/2015Klondex Announces Acquisition of Rice Lake Mine and Mill Com...
12/10/2015Klondex Intercepts ~36 opt Au Over 2.8 Feet at Fire Creek; C...
12/3/2015Klondex Increases Total Mineral Reserves by ~19% in 2015
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10/23/2015Klondex Announces Sales of 33,846 GEOs in Q3 2015; Increases...
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10/6/2015Klondex Modifies NYSE MKT Exchange Symbol to "KLDX"
10/5/2015Klondex Approved for Listing on NYSE MKT Exchange Under the ...
9/25/2015Klondex Mines Ltd. breached its 50 day moving average in a B...
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4/14/2015Recovers 32,542 GEO in 1Q2015
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4/7/2015Klondex Releases Midas Phase I Drill Program Results
4/1/2015Files Pre-Feasibility Study for the Midas Mine
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11/12/2014Klondex Reports Q3 Production Cost of US$439 per Ounce Sold ...
10/28/2014Klondex Mines Schedules Third Quarter 2014 Conference Call f...
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10/20/2014Klondex Mines Reports Third Quarter 2014 Operations Results
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10/22/2013Retires Short-Term Debt
10/16/2013Announces Closing of C$19 Million Financing
10/8/2013Announces Further Infill Drilling Results
9/23/2013Announces Receipt of Proceeds
9/12/2013Announces July Development Results
8/12/2013(Fire Creek)Sends First Shipment to Newmont, Electrifies Fire Creek
7/29/2013Reports Results of June Development Program
7/26/2013Secures Agreement for High-Grade Mineralization
7/26/2013Klondex Announces Bridge Loan
7/25/2013US Global Investors' Ralph Aldis recommends Klondex Mines Lt...
7/25/2013US Global Investors' Ralph Aldis recommends Klondex Mines Lt...
7/16/2013Primero - Klondex Names Mining Executive Renaud Adams to the...
7/10/2013Joyce Vein Sampling Averages 132.8g/t (3.87opt) Gold
6/27/2013Samples 22,396 gpt Gold
6/18/2013Announces New Mineralized Structure
6/13/2013AGM Meeting CORRECTION
6/13/2013Annual General Meeting Invitation
6/12/2013Announcement
5/30/2013Announcement
5/30/2013Drilling Confirms New West Zone Gold Mineralization; All Fiv...
5/16/2013Profiled by Michael Brush - MSN Money
5/8/2013Klondex Presenting at The MoneyShow in Las Vegas - May 14
5/8/2013CEO to Exhibit and Present at the Las Vegas MoneyShow; CEO C...
4/9/2013Confirms Zone of Gold Mineralization South of Mineral Resour...
4/2/2013Veris Gold Enters Into A Toll Milling Agreement With Klondex...
4/2/2013Klondex Signs Milling Agreement with Veris Gold
3/21/2013Featured on B-TV Business Television
3/21/2013Klondex Video on BTV
3/14/2013News Release
3/7/2013Klondex In-Fill Drilling Encounters 201 g/t (6.5 opt) Gold A...
3/7/2013Klondex In-Fill Drilling Hits 201 g/t (6.5 opt) Gold Across ...
3/7/2013In-Fill Drilling Encounters 201 g/t (6.5 opt) Gold Across 2....
2/25/2013NAMES LARRY PHILLIPS CHAIRMAN OF THE BOARD
2/20/2013- The Northern Miner
2/19/2013Nevada Gold Explorer Klondex Mines to Present at Red Cloud M...
2/8/2013- The Northern Miner
1/22/2013Discovers a New "West Zone" With Significant Visible Gold Mi...
1/16/2013Press Announcement
11/8/2012. Provides Update on Offering
10/31/2012Encounters Two Gold Veins with 95.5 g=2Ft (2.79 oz=2Fton) Go...
9/13/2012Names Paul Andre Huet=2C Who Led the Midas and Hollister Und...
8/29/2012(Fire Creek)Drills Long Intercepts of Near=2DSurface=2C Oxidized Gold Mi...
6/28/2012=2D Klondex Mines Announces Proxies Will be Accepted Up to C...
4/23/2012Nevada Gold Explorer Klondex Mines Begins Trading Today on t...
4/16/2012(Fire Creek)Underground In=2DFill Drilling Continues to Intersect Gold M...
3/1/2012(Fire Creek)Initial Underground Drill Results Show Continuity of Gold Mi...
2/14/20122011 Drill Program Results Press Release
2/14/2012Mid-Day Breaking News From International Enexco, Klondex, Zi...
1/26/2012Nevada Gold Explorer Klondex Mines to Webcast Merriman Capit...
12/21/2011Nevada Gold Explorer=2C Klondex Mines=2C Appoints Veteran Ge...
11/22/2011CNBC's Larry Kudlow to Keynote at HiAlpha(TM) Mining Investm...
11/15/2011Mid-Day Breaking News From Golden Touch, New World, Klondex,...
11/10/2011Mid-Day Breaking News From Klondex, Soldi, and El Tigre
10/18/2011Mid-Day Breaking News From Mineral Mountain, Klondex, Creso,...
10/5/2011Mid-Day Breaking News From Lucky Strike, Galore, Indigo, Klo...
5/11/2011(Fire Creek)Clarifies Technical Disclosure, To Prepare Fire Creek Report
4/28/2011(Fire Creek)Portal Blast Formally Launches Underground Gold Mining at Kl...
4/18/2011(Fire Creek)Announces Expanded 2011 Surface Exploration Program at its H...
2/24/2011Names Robin Goad, Veteran Geologist and Mining Industry Exec...
2/22/2011(Fire Creek)Receives Nevada State Approval for Fire Creek High-Grade Gol...
12/8/2010Klondex Mines LTD. Update by Greg McCoach
10/6/2009to Vigorously Defend Against Baseless Paramount Suit and to ...
9/25/2009Terminates Agreement with Paramount Gold and Silver Corp. Ci...
7/20/2009Business Combination
6/30/2009Rejects Silvercorp's Hostile Takeover Bid
6/30/2009Completes $3.0 Million Financing with China Mineral United t...
6/26/2009Scotia Capital Appointed by Klondex as Financial Advisor to ...
6/23/2009Waives Application of Previous Shareholder Rights Plan and A...
6/8/2009Responds to Unsolicited Acquisition Offer from Silvercorp Me...
9/18/2008Grants Incentive Options
8/12/2008President Exercises Options
7/9/2008Intercept Averaging 0.361 oz/ton Gold over 18 Feet True Widt...
4/30/2008Provides Investor Update
1/14/2008to Highlight New Gold Intercepts from its Nevada Exploration...
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TORONTO (KDX.TO)Other OTC (KLNDF)
4.24-6.81%2.47-1.59%
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