Klondex Mines Ltd. (TSX:KDX) closed its $19 million financing comprised of 14,200,000 special warrant at a price of C$1.37 per Special Warrant.
As quoted in the press release:
A syndicate of agents, led by GMP Securities L.P., and including MGI Securities Inc., Mackie Research Capital Corporation, M Partners Inc., Euro Pacific Canada Inc., Jones, Gable & Company Limited and PI Financial Corp. acted as agents under the Offering.
Subject to the penalty provision described below, each Special Warrant entitles the holder to receive upon exercise or deemed exercise of the Special Warrant following the Qualification Date (as defined below), one common share of the Company (“Common Share”) for no additional consideration. The Special Warrants not already exercised will be deemed exercised at the earlier of: (a) the third business day after the date of receipt for a final short form prospectus to qualify, in each of the provinces of Canada, except Quebec (the “Qualifying Provinces”), the distribution of the Common Shares to be issued upon exercise or deemed exercise of the Special Warrants (the “Qualification Date”); and (b) 4:59 p.m. (Toronto time) on February 17, 2014.