VANCOUVER, British Columbia--(BUSINESS WIRE)--Klondex Mines Ltd. (TSX: KDX.TO) (the “Company” or “Klondex”) today announced the results of its Annual General Meeting (“AGM”) held on June 13, 2008.
AGM – Report of Voting Results
Pursuant to section 11.3 of Canadian National Instrument 51-102 – Continuous Disclosure Obligations, the Company provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the Company’s Information Circular, dated May 2, 2008:
- Number of Directors: The shareholders approved setting the number of directors of the Company at five (5).
- Election of Directors: William J. Solloway, Brendan Donohoe, Robert A. Sibthorpe, John A. Pollock and Ronald Shorr were elected as directors of the Company for the ensuing year.
- Appointment and Remuneration of Auditor: MacKay LLP were re-appointed the auditor of the Company for the ensuing year and the directors were authorized to fix their remuneration.
- Amended Stock Option Plan: An amended 15% “rolling” stock option plan that replaces the Company’s existing 10% “rolling” plan was approved to facilitate the administration of the Company’s stock options on a going forward basis.
About Klondex Mines Ltd.
Klondex Mines (TSX: KDX.TO) is a gold exploration company focused on the development and expansion of its high-grade Fire Creek deposit in Nevada, covering 10,708 acres of fee and lease land 100% owned by Klondex. At Fire Creek, Klondex has a September 2006, NI 43-101 defined indicated Mineral Resource estimated at 1,636,555 tonnes grading 19.88 grams per tonne (0.576 oz/tonne) containing 1,045,738 oz of gold in two separate mineral zones. Klondex has filed for permits to begin bulk sampling for metallurgical testing of up to 120,000 tons of ore and anticipates receipt of these permits before the end of the summer.
Fire Creek is located in the Battle Mountain-Eureka Trend in the Northern Nevada Rift, in North Central Nevada, an area of prolific gold production. Klondex currently has three drill rigs working to expand its resource at Fire Creek. The Company was founded over thirty years ago, and its property portfolio consists of four gold exploration projects, all in Nevada. Eighty percent of Klondex’ known resource is on private land. For more information, please visit www.klondexmines.com.
On behalf of Klondex Mines Ltd.
William J. Solloway
President
Jaffoni & Collins
Steven Hecht, David Collins
212-835-8500
KDX@jcir.com
