October 21, 2014 8:43 AM ET

Metals and Mining

Company Overview of Klondex Gold & Silver Mining Company

Company Overview

Klondex Gold & Silver Mining Company engages in the ownership, acquisition, exploitation, exploration, development, evaluation, and disposition of gold and silver properties. The company is based in Nevada. Klondex Gold & Silver Mining Company operates as a subsidiary of Klondex Mines Ltd.

, NV 

United States

Key Executives for Klondex Gold & Silver Mining Company

Klondex Gold & Silver Mining Company does not have any Key Executives recorded.

Klondex Gold & Silver Mining Company Key Developments

Klondex Gold & Silver Mining Company Announces $2.39 Million Bridge Loans Facility

Klondex Mines Ltd. announced that its subsidiary, Klondex Gold & Silver Mining Company has obtained and drawn down on a bridge loan facility of USD 1,999,999 (the K2 Loan) advanced by the K2 Principal Fund L.P. (K2), a significant shareholder of the Company, and on a bridge loan facility of USD 400,000 advanced by a third party (the Lender). Each of the Loans is evidenced by a promissory note bearing interest at the rate of 1% per 30-day period and maturing on November 30, 2013, with provisions for additional interest payments in the event that certain minimum payments are not made during the term of the Loan. The Loans are guaranteed by Klondex and are secured against the personal property of KGS, including extracted minerals obtained from the Company's Fire Creek Project in Nevada. Proceeds from the Loans will be used for general working capital purposes. In addition, KGS and the Lender have also agreed to amend the terms of an existing USD 1.6 million promissory note in favour of the Lender to, among other things, extend the term of such note (the Extension).

Similar Private Companies By Industry

Company Name Region
American Keder, Inc. United States
Southside Materials LLC United States
Concept Tooling Systems, Inc. United States
GR Spring & Stamping, Inc. United States
Skilcraft LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Klondex Gold & Silver Mining Company, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.