Klondex acquires Midas mine and related ore milling facility

Date Closed: 2/04/2014

Value: US$83 million

On February 4, 2014, Klondex announced the closing of its acquisition of the Midas mine and related ore milling facility from a subsidiary of Newmont Mining Corporation for an aggregate purchase price of approximately US$83 million. GMP acted as exclusive financial advisor to Klondex in connection with the acquisition.

The acquisition was financed with the proceeds from a C$20 million special warrant offering, a C$42 million subscription receipt offering, a C$25 million senior secured notes offering and a US$35 million gold financing package from Franco-Nevada Corporation.

BLG represented GMP as financial advisor to Klondex in connection with the acquisition and as lead agent in connection with the related acquisition financings.

BLG’s team included Andrew Powers, Jeff Barnes, James Mathers, Katherine Schuck, Linda Tu and Daniel Lang.