Klondex closes C$26.3m financing
TORONTO (miningweekly.com) – TSX-listed precious metals producer Klondex Mines has successfully closed a bought deal financing, raising gross proceeds of C$26.3-million.
The Vancouver-based company issued 7.4-million common shares at a price of C$3.55 apiece.
The offering was underwritten by a syndicate led by GMP Securities and included Canaccord Genuity, Clarus Securities, Dundee Securities, Mackie Research Capital, M Partners, RBC Dominion Securities, and Haywood Securities.
The company planned to use C$23.2-million of the net proceeds towards repaying the company's currently outstanding senior secured notes and the remaining funds for general working capital purposes.
Klondex owned 100% interests in two producing mineral properties, the Fire Creek project and the Midas mine and mill, in Nevada.
Despite closing 1.5% in the red on Thursday at C$3.28, Klondex’s TSX-listed stock had gained more than 70% in value since the start of the year.
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