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BRIEF-Klondex announces acquisition of rice lake mine and mill complex

Published 2015-12-17, 06:07 a/m
© Reuters.  BRIEF-Klondex announces acquisition of rice lake mine and mill complex
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Dec 17 (Reuters) - Klondex Mines Ltd KDX.TO :
* Announces acquisition of rice lake mine and mill complex
* Deal for $32 million
* The purchase price is comprised of $20 million in cash, $12 million in
deferred payments in the form of a promissory note
* To pay US$4 million of the principal amount in each of the next three years
on the anniversary of the closing date
* Says company is also acquiring a 50% interest in the tully gold project
located near Timmins, Ontario
* Company is also acquiring approximately 43 million common shares in sgx
resources inc.

* Source text for Eikon ID:nMKW2jv1ta

* Further company coverage KDX.TO

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