WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (“Board”) of Klondex Mines Ltd. (“Klondex” or the “Company”) (NYSE AMERICAN: KLDX) related to the Company’s entry into an agreement to be acquired by Hecla Mining Company (“Hecla”) (NYSE: HL) in a transaction valued at approximately $462 million (the “Proposed Transaction”).
On March 16, 2018, the Board caused Klondex to enter into an agreement (the “Arrangement Agreement”) with Hecla. Pursuant to the terms of the Arrangement Agreement, shareholders of Klondex may elect to receive either US$2.47 in cash or 0.6272 of a Hecla share for each share of Klondex common stock.
On May 23, 2018, Klondex filed a preliminary proxy statement (“Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction, which recommends that Klondex’s shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Proxy Statement, including whether the Proxy Statement omits material information with respect to the Proposed Transaction.
If you own common shares of Klondex and purchased any shares before March 19, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at firstname.lastname@example.org.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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