By Devika Patel
Knoxville, Tenn., Aug. 1 - Klondex Mines Ltd. announced that it hopes to raise C$1.73 million in a non-brokered private placement of units.
The company will sell 1.5 million units at C$1.15 per unit.
Each unit consists of one common share and one warrant. Each warrant is exercisable at C$1.60 for one year.
The warrants may expire sooner if the company's shares close at C$1.90 or higher for 30 consecutive trading days. In that case, the warrants will expire within 30 days.
Vancouver, B.C.-based Klondex is a gold exploration company.
| Issuer: | Klondex Mines Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,725,000
|
| Units: | 1.5 million
|
| Price: | C$1.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.60
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 1
|
| Stock symbol: | Toronto: KDX
|
| Stock price: | C$1.24 at close on Aug. 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
