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Nov. 25, 2014 11:30AM PST
Klondex Mines (TSX:KDX) announced that it had received $10.3 million from 5,859,177 common share purchase warrants being exercised during October and November. In aggregate, of 7,525,560 common shares were issued in connection with the exercise of the Warrants for total proceeds of $13.2 million, inclusive of the $10.3 million noted above.
According to the press release:
(In) October and November 2014, an aggregate of 5,859,177 common share purchase warrants (the “Warrants”) were exercised at a price of $1.75 per common share for aggregate proceeds of $10.3 million. A total of 8,492,023 Warrants (not inclusive of broker warrants) were issued on November 20, 2012 in connection with an equity financing completed by Klondex which expired on November 20, 2014. In aggregate, of 7,525,560 common shares were issued in connection with the exercise of the Warrants for total proceeds of $13.2 million, inclusive of the $10.3 million noted above.
Paul Andre Huet, president and CEO, said:
We’d like to thank our shareholders their continued support in Klondex.
Click here to read the Klondex Mines (TSX:KDX) press release
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