7 Aug 2018substantial holder notice● Neutral
Van Eck Associates Corporation reported no remaining Klondex Mines Unlimited Liability Co shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Aug 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co director William Fuller Matlack disposed of 1,464,534 shares via option/appreciation-right settlement.
2 Aug 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co director Charles Fergus Hoblyn Oliver disposed of 187,346 shares via option/appreciation-right settlement.
2 Aug 2018listing compliance notice▼ BadMajor
Klondex Mines Unlimited Liability Co terminated the registration of a class of securities, ending its reporting obligation for them.
30 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co COO Michael B. Doolin Jr. disposed of 484,108 shares via option/appreciation-right settlement.
27 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co director Blair Albert Schultz disposed of 609,379 shares via option/appreciation-right settlement.
26 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co director Richard James Hall disposed of 659,715 shares via option/appreciation-right settlement.
26 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co CFO Barry Lee Dahl disposed of 535,476 shares via option/appreciation-right settlement.
26 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co director Rodney A. Cooper disposed of 280,033 shares via option/appreciation-right settlement.
26 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co director James Haggarty disposed of 339,316 shares via option/appreciation-right settlement.
26 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co director Mark J. Daniel disposed of 115,362 shares via option/appreciation-right settlement.
26 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co Vice President, Exploration Brian W. Morris disposed of 458,979 shares via option/appreciation-right settlement.
26 July 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co Sr. VP, Strategic Development John A. Antwi disposed of 39,090 shares via option/appreciation-right settlement.
25 July 2018business combination● NeutralMajor
Hecla completed its acquisition of Klondex on July 20, 2018, resolving the pending deal. Klondex shares were converted into the right to receive cash and/or Hecla shares (e.g. 0.6272 Hecla share, or US$0.8411 plus 0.4136 Hecla share, or US$0.8867 plus 0.4020 Hecla share for prorated cash electors) plus 0.125 of a Havilah Mining Corporation share, which holds the spun-out Canadian assets. Klondex is now a wholly owned Hecla subsidiary, all directors and the named senior officers resigned, NYSE American trading stopped July 23, 2018, and the company intends to file a Form 15 to end its reporting.
23 July 2018listing compliance notice● NeutralMajor
Klondex Mines Unlimited Liability Co's exchange filed to remove a class of its securities from listing.
9 July 2018agm notice● Neutral
Klondex Mines Unlimited Liability Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
9 July 2018business combination● Neutral
On July 5, 2018 Klondex, Hecla and Hecla's subsidiary amended the Hecla arrangement agreement again, changing how the maximum cash and maximum Hecla share amounts are calculated so they account for in-the-money warrants that might not be exercised before closing. The filing says the exchange ratio and the consideration per share do not change, so the deal remains pending ahead of the July 12 vote.
3 July 2018agm notice● Neutral
Klondex Mines Unlimited Liability Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
21 June 2018agm notice● Neutral
Klondex Mines Unlimited Liability Co shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
19 June 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co COO Michael B. Doolin Jr. exercised stock options for 11,942 shares and disposed of 16,952 shares.
19 June 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co CEO Paul Andre Huet exercised stock options for 33,347 shares and disposed of 47,213 shares.
19 June 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co Sr. VP, Strategic Development John A. Antwi exercised stock options for 6,666 shares and disposed of 9,463 shares.
19 June 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co Sr. VP, Strategic Development John A. Antwi exercised stock options for 1,000 shares and disposed of 1,419 shares.
19 June 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co Vice President, Exploration Brian W. Morris exercised stock options for 7,449 shares and disposed of 10,555 shares.
19 June 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co CFO Barry Lee Dahl exercised stock options for 10,295 shares and disposed of 14,614 shares.
12 June 2018business combination● NeutralMajor
Klondex filed the final proxy statement for the July 12, 2018 Toronto meeting, where securityholders vote on the Hecla arrangement as amended June 4, 2018. Terms are the same as in the preliminary version: US$2.47 of cash and/or Hecla shares plus 0.125 of a Havilah share per Klondex share. The board unanimously recommends a vote in favour, and approval needs two-thirds of votes cast plus British Columbia Supreme Court approval. The vote has not yet taken place.
5 June 2018material agreement● Neutral
On June 4, 2018 Klondex, Hecla and Hecla's subsidiary amended the arrangement agreement, moving the outside date from July 16, 2018 to July 30, 2018 and making other changes to the plan of arrangement that the filing calls immaterial. The deal terms are unchanged and the deal is still pending.
24 May 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co Vice President, Exploration Brian W. Morris received 3,429 shares as part of the equity award.
23 May 2018business combination● NeutralMajor
Klondex filed a preliminary proxy statement for the shareholder meeting to vote on the Hecla deal, with the meeting date still blank. It repeats the terms: US$2.47 of cash and/or Hecla shares plus 0.125 of a Havilah Mining share (the new company for the Canadian assets) per Klondex share. Approval needs two-thirds of votes cast. Directors, officers and two institutional holders with 23.60% of shares have agreed to vote in favour. The filing lists 180,179,588 shares outstanding as of May 16, 2018. In-the-money options, RSUs and deferred share units are exchanged for shares or cash, performance RSUs are paid in cash, 300,000 options with an exercise price above US$2.71 are cancelled for nothing, and 5,000,000 warrants priced above US$2.71 stay outstanding. The deal is not yet approved.
16 May 2018director interest notice● Neutral
Klondex Mines Unlimited Liability Co Sr. VP, Strategic Development John A. Antwi exercised stock options for 10,462 shares and disposed of 14,757 shares.