Klondex’s Fire Creek,, and Hollister mines will be absorbed

Klondex’s Fire Creek,, and Hollister mines will be absorbed

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Hecla Mining is buying Klondex Mining (KLDX).The terms Hecla will acquire all the outstanding shares of Klondex in a part cash phone case with card holder, part equity deal. Klondex’s Fire Creek,, and Hollister mines will be absorbed through a plan of arrangement, while its Canadian assets will be spun out to its existing shareholders.One reason investors may be selling the news is because of the price tag. Hecla will acquire Klondex $462 million with a mix of cash and shares of Hecla common stock and the newly formed company.

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