Current Report Filing (8-k)
February 26 2018 - 6:06AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
February
13, 2018
KLONDEX MINES LTD.
(Exact name of registrant as specified in its charter)
British Columbia
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001-37563
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98-1153397
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(State or other jurisdiction of
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incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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6110 Plumas Street, Suite A
Reno, Nevada
89519
(Address of Principal Executive Offices)
(775) 284-5757
(Registrant's telephone
number, including area code)
N/A
(Former Name or Former Address, if
Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (See General Instructions A.2 below):
[ ] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b -2
of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. [ ]
Item 1.01 Entry into a Material Definitive Agreement.
Klondex Mines Ltd. (the Company) is party to a secured
revolving facility agreement (the Facility Agreement), dated March 23, 2016,
between the Company, as borrower, Klondex Canada Ltd., 0985472 B.C. Ltd., Klondex
Holdings (USA) Inc., Klondex Midas Holdings Limited, Klondex Midas Operations
Inc. and Klondex Gold & Silver Mining Company, each as guarantor
(collectively, the Guarantors, and together with the Company, the Obligors),
Investec Bank PLC, as lender and hedge counterparty (in such capacity, the
Lender) and Investec Bank PLC, as security agent (in such capacity, the
Security Agent, and together with the Lender and the Obligors, the Parties).
The Company filed the Facility Agreement, portions of which are subject to a
Securities and Exchange Commission order granting confidential treatment under
the Securities Exchange Act of 1934, on a Current Report on Form 8-K/A on July
27, 2017.
On February 13, 2018, the Parties entered into an amendment to
the Facility Agreement (the Amendment) pursuant to which an inventory draw
amount of $5 million (subject to certain adjustments) was added to the aggregate
amount available to the Company under the Facility Agreement, thereby increasing
the aggregate amount from $40 million to $45 million. A preceding amendment on
December 21, 2017 had increased the aggregate amount available under the
Facility Agreement from $35 million to $40 million.
The foregoing description of the Amendment does not purport to
be complete and is qualified in its entirety by reference to the full text of
the Amendment, a copy which will be filed as an exhibit to the Companys Annual
Report on Form 10-K for the fiscal year ended December 31, 2017.
Item 7.01 Regulation FD Disclosure.
On February 22, 2018, the Company issued a press release
announcing an increase to the amount available under the Facility Agreement, and
the termination of the gold purchase agreement, dated February 11, 2014, between
the Company and Franco-Nevada GLW Holdings Corp., as a result of the parties
having completed their obligations under the agreement. The Company also advised
that the Companys President and Chief Executive Officer will participate in the
upcoming BMO Capital Markets 27th Global Metals and Mining Conference on
February 28, 2018. A copy of the press release is attached as Exhibit 99.1 and
incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the
information in the press release attached as Exhibit 99.1 hereto shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), nor shall such information be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.
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KLONDEX MINES LTD.
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Date: February 23, 2018
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By:
/s/ Barry Dahl
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Name: Barry Dahl
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Title: Chief Financial Officer
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