Klondex Mines Ltd. Board of Directors Approve Advance Notice Policy

Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) announced the approval, by its board of directors, of an advance notice policy on May 9, 2013, which includes a provision that requires advance notice to the Corporation in circumstances where nominations of persons for election to the board of directors are made by shareholders of the Corporation other than pursuant to: (i) a “proposal” made in accordance with Division 7 of the Business Corporations Act (British Columbia) (the “Act”); or (ii) a requisition of the shareholders made in accordance with section 167 of the Act.

As quoted in the press release:

Among other things, the Policy fixes a deadline by which holders of record of common shares of Klondex must submit director nominations to the Secretary of the Corporation prior to any annual or special meeting of shareholders and sets forth the specific information that a shareholder must include in the written notice to the Secretary of the Corporation for an effective nomination to occur. No person will be eligible for election as a director of the Corporation unless nominated in accordance with the provisions of the Policy.

In compliance with the Policy, any director nominations for the Shareholders Meeting must be received by the Corporation no later than the close of business on May 17, 2013.

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

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