Klondex Mines Announces Independent Board of Directors Elected at Today’s AGM
28 Junho 2012 - 4:13PM
Business Wire
Klondex Mines Ltd. (TSX: KDX and OTCQX: KLNDF), a Nevada gold
exploration and development company, announced today a slate of
seven new independent directors were elected at its Annual General
Meeting (AGM) of Shareholders held today.
The directors, who bring a range of mining industry and business
expertise to Klondex, are listed below. Their terms run through the
Company’s AGM next year.
Robert BuchanPaul CrillyJamie HaggartyWilliam
MatlackBlair SchultzBen ShapiroWalied Soliman
The new directors would like to thank the former board members
for their contributions to the Company and are looking forward to
working with shareholders to create shareholder value.
About Klondex Mines Ltd. (www.klondexmines.com):
Klondex Mines is focused on the exploration and development of
its 100% owned Fire Creek gold deposit in North Central Nevada.
Fire Creek is a compelling gold mining prospect located near power,
transportation, mining infrastructure and several milling
facilities. Fire Creek’s mineral resource is reviewed in the most
recent technical report that is available here with additional disclosure available via
SEDAR.
As of June 28, 2012, Klondex had approximately 47.0 million
shares issued and outstanding and 59.1 million shares on a diluted
basis.
This news release contains forward-looking statements, including
about current expectations on the timing of project development.
These forward-looking statements entail various risks and
uncertainties, are based on current expectations, are subject to a
number of uncertainties and risks, and actual results may differ
materially from those contained in such statements. These
uncertainties and risks include, but are not limited to, the
strength of the global economy; the price of gold; operational,
funding and liquidity risks; the degree to which mineral resource
estimates are reflective of actual mineral resources; the degree to
which factors which would make a mineral deposit commercially
viable are present; the risks and hazards associated with
underground operations. Risks and uncertainties about the Company’s
business are more fully discussed in the Company’s disclosure
materials filed with the securities regulatory authorities in
Canada and available at www.sedar.com. Readers are urged to read
these materials. Klondex assumes no obligation to update any
forward-looking statement or to update the reasons why actual
results could differ from such statements unless required by
law.
CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING
RESOURCES
This press release uses the terms "inferred mineral resources,"
"indicated mineral resources," and "mineral resources" which are
Canadian mining terms defined in accordance with National
Instrument 43-101 – Standards of Disclosure for Mineral Projects
under the guidelines set out in the Canadian Institute of Mining,
Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources
and Mineral Reserves (the "CIM Standards"). The CIM Standards
differ significantly from standards in SEC Industry Guide 7 under
the United States Securities Act of 1933, as amended. While the
terms "mineral resource," "indicated mineral resources," and
"inferred mineral resources" are recognized and required by
Canadian regulations, they are not defined terms under SEC Industry
Guide 7 and are not normally permitted to be used in reports filed
with the Securities and Exchange Commission. Readers are cautioned
not to assume that any part or all of mineral deposits in these
categories will ever be converted into reserves. "Inferred mineral
resources" have a great amount of uncertainty as to their
existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher
category. Under Canadian rules, estimates of inferred mineral
resources may not form the basis of feasibility or pre-feasibility
studies, except in rare cases. Readers are cautioned not to assume
that all or any part of an inferred mineral resource exists or is
economically or legally mineable. As such, information regarding
resources contained in this press release may not be comparable to
similar information made public by United States companies subject
to reporting and disclosure requirements under United States
federal securities laws and the rules and regulations promulgated
thereunder.
On Behalf of Klondex Mines Ltd.Blane W.
WilsonPresident & CEO
Klondex Mines Ltd. (AMEX:KLDX)
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