VANCOUVER, British Columbia — Hecla will acquire all of the issued and outstanding Klondex shares, as Klondex Mines Ltd. announced that its shareholders and securityholders approved the proposed statutory plan of arrangement with Hecla Mining Co. at the Klondex annual and special meeting of securityholders held July 12.
Of the Klondex shareholders who voted, approximately 99.6 percent voted in favor of the special resolution approving the plan. Of the Klondex shareholders and securityholders who voted, approximately 99.6 percent of Klondex shareholders and securityholders (voting as a single class) voted in favor of the special resolution approving the plan of arrangement.
Subject to customary closing conditions in accordance with the Plan of Arrangement, the transaction is expected to close on or about July 20.
In connection with the closing of the plan of arrangement, Klondex is expected to concurrently complete the spin-out of its Canadian assets into Havilah Mining Corp., a newly formed company to be listed on the TSX Venture Exchange.