Klondex Mines (KDX.TSX) announced that it has begun trading on the OTC market’s OTCQX International tier under the symbol “KLNDF.” The emerging gold Company stated that trading on OTCQX is intended to leverage Klondex’s existing Toronto Stock Exchange profile and disclosure to provide a more visible and liquid market for its common stock in the U.S.
* Klondex Mines recently announced the second batch of assay results from its underground core drilling program at its 100%-owned Fire Creek gold-silver project in Lander County, Nevada
* The results included the intersection of 6.72 grams per tonne (g/t) of gold over 7.62 meters (m), including 12.35 g/t over 1.5m
* The Company noted that given its active surface and underground exploration programs, the expected start of initial gold production via bulk sampling later this year, and its work toward an update of its gold resource, the Company believes this is an opportune time to join the OTCQX
Blane Wilson, President and CEO of Klondex Mines:
“As a Toronto Stock Exchange-listed company, with our principal gold and silver exploration and development operations in Nevada, we wanted to elevate the visibility of our Company and our common stock in the U.S. market. The OTCQX provides a means to achieve this goal, by leveraging our existing disclosure and regulatory compliance in Canada.”
R. Cromwell Coulson, President and CEO of OTC Markets Group:
“OTCQX provides services to companies which enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information. We are pleased to welcome Klondex Mines to OTCQX.”