NEW YORK, June 18, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal class action lawsuit has been filed in the United States District Court for the District of Nevada 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”) in a transaction valued at approximately $462 million.
Investors who have purchased shares of Klondex Mines Ltd. prior to March 19, 2018 and still hold their shares a re urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
On March 16, 2018, the Board caused Klondex to enter into an agreement with Hecla. Pursuant to the terms of the 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 they hold.
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 shareholders vote in favor of the Proposed Transaction.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com , or visit our website at www.whafh.com .
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Contact:
Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq. Gregory Stone, Director of Case and Financial Analysis Email: gstone@whafh.com , kcooper@whafh.com or classmember@whafh.com Tel: (800) 575-0735 or (212) 545-4774
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