BRIEF-Hecla to buy Klondex Mines Ltd for $462 mln
March 19 (Reuters) - Klondex Mines Ltd:
* HECLA TO ACQUIRE THREE HIGH-GRADE NEVADA GOLD MINES WITH THE ACQUISITION OF KLONDEX MINES LTD.
* HECLA WILL ACQUIRE KLONDEX FOR CONSIDERATION OF US$462 MILLION WITH A MIX OF CASH AND SHARES OF HECLA COMMON STOCK​
* ‍KLONDEX’S CANADIAN ASSETS WILL BE SPUN OUT TO ITS EXISTING SHAREHOLDERS​
* ‍HECLA WILL BUY ALL OUTSTANDING SHARES OF KLONDEX, THROUGH A PLAN OF ARRANGEMENT​
* ‍KLONDEX’S SHAREHOLDERS WILL RECEIVE US$2.47 PER SHARE IN CASH OR SHARES OF HECLA​
* ‍TRANSACTION IS STRUCTURED TO MINIMIZE DILUTION AND IS EXPECTED TO BE ACCRETIVE ON MOST IMPORTANT FINANCIAL AND OPERATING METRICS​
* ‍CERTAIN MEMBERS OF KLONDEX’S BOARD AND MANAGEMENT TEAM WILL CONTINUE ON AT KLONDEX CANADA​
* ‍HECLA WILL SUBSCRIBE FOR $7.0 MILLION OF COMMON SHARES OF NEW KLONDEX IN EXCHANGE FOR A 13.46% EQUITY INTEREST Source text for Eikon: Further company coverage: