Klondex Mines Announces Changes to Board

- September 13th, 2013

Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) announced that Larry Phillips has resigned as Chairman of the Board, and Blair Schultz was subsequently appointed as Interim Chairman. The Company also announced the appointment of Richard J. (Ritch) Hall as a Special Advisor to the Board.

 Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) announced that Larry Phillips has resigned as Chairman of the Board, and Blair Schultz was subsequently appointed as Interim Chairman. The Company also announced the appointment of Richard J. (Ritch) Hall as a Special Advisor to the Board.

As quoted in the press release:

Mr. Schultz held the position of interim Chairman prior to the appointment of Mr. Phillips and has been a member of the Board of Directors since 2012. Mr. Schultz is a Vice President at K2 & Associates Investment Management Inc., a significant shareholder of the Company.

Mr. Hall is a seasoned mining executive that has been engaged by Klondex to help the Company and advise the Board on several strategic opportunities. Mr. Hall brings over 40 years of mining, exploration, development and corporate experience to Klondex. In addition to consulting to the mining industry, he presently serves as a director of Iamgold, Kaminak Gold, Gold Canyon Resources and as Chairman of Marlin Gold. Previously, he served as Chairman of Premier Gold Mines Ltd. and was president and CEO of Northgate Minerals Corp, when Northgate was acquired by AuRico Gold. Mr. Hall was Chairman of Grayd Resource Corp., when Grayd was acquired by Agnico Eagle Mines Ltd. and he served as director and chairman of the special committee of Creston Moly Corp. during its acquisition by Mercator Minerals Ltd. From 1999 to 2008, he served as president and CEO of Metallica Resources Inc., where he was involved in all aspects of the companies’ development, including the financing, construction and commissioning of the Cerro San Pedro gold-silver mine in Mexico. Metallica was part of a $1.6-billion merger with Peak Gold Ltd. and New Gold Inc. to form what is now New Gold Inc. Previous to his tenure at Metallica, Mr. Hall held senior management positions with Dayton Mining Corp. and Pegasus Gold Corp.

Klondex Mines Ltd. President and CEO, Paul Huet, said:

Having worked with Ritch in the past, I gained a tremendous amount of respect for his experience and valued advice. I’m thrilled that he will be helping Klondex evaluate growth opportunities while we continue to unlock the value at Fire Creek.

Click here to read the Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) press release

See this press release on Marketwire
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