By Sheri Kasprzak
Atlanta, Nov. 29 - Klondex Mines Ltd. said Friday it wrapped up a C$6.25 million private placement.
The company sold 2,632,000 units and another 658,000 units from the exercise of a greenshoe at about C$1.90 each.
The units consist of one share and one half-share warrant.
The whole warrants in the offering allow for an additional share at C$2.35 each for 18 months.
Canaccord Capital Corp. and Jones, Gable & Co. Ltd. were underwriters in the deal.
The shares involved with the private placement are subject to a four-month hold, which expires March 27, 2005.
Klondex is a Vancouver, B.C.-based mineral exploration company. It plans to use the proceeds from the private placement for work on its Fire Creek property, working capital and general corporate purposes.
| Issuer: | Klondex Mines Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$6.25 million
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| Shares: | 3.29 million units
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| Price: | C$1.90
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$3.25
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| Placement agent: | Canaccord Capital Corp. and Jones, Gable & Co. Ltd.
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| Settlement date: | Nov. 26
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| Stock price: | C$2.33 at close Nov. 26
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