Current Report Filing (8-k)
May 30 2018 - 1:47PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
May 30, 2018
KLONDEX MINES LTD.
(Exact name of registrant as specified in its charter)
British Columbia
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001-37563
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98-1153397
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(State or other jurisdiction of
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incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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6110 Plumas Street, Suite A
Reno, Nevada
89519
(Address of Principal Executive Offices)
(775) 284-5757
(Registrant's telephone
number, including area code)
N/A
(Former Name or Former Address, if
Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (See General Instructions A.2 below):
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d
-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e -4(c))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b -2
of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. [ ]
Item 7.01 Regulation FD Disclosure.
On May 30, 2018, Klondex Mines Ltd. (the Company) filed a
technical report concerning its True North mine titled Technical Report for the
True North Mine, Bissett, Manitoba, Canada dated May 8, 2018, with an
effective date of March 31, 2018 (the Technical Report) on SEDAR. The
Technical Report is attached to this Current Report on Form 8-K as Exhibit 99.1.
The format and content of the Technical Report were prepared in accordance with
Form 43-101F1 of National Instrument 43-101 Standards of Disclosure for
Mineral Projects of the Canadian Securities Administrators (NI 43-101).
In accordance with General Instruction B.2 of Form 8-K, the
information set forth herein and in the Technical Report attached hereto as
Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall such
information be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.
As used in the Technical Report, the terms mineral reserve,
proven mineral reserve and probable mineral reserve are Canadian mining
terms as defined in accordance with NI 43-101 and the Canadian Institute of
Mining, Metallurgy and Petroleum (CIM)-CIM Definition Standards on Mineral
Resources and Mineral Reserves, adopted by the CIM Council, as amended (CIM
Definition Standards). These definitions differ from the definitions in the
U.S. Securities and Exchange Commission's ("SEC") Industry Guide 7 (SEC
Industry Guide 7) under the Exchange Act. The True North mine does not currently have known reserves, as defined under SEC Industry Guide 7.
The terms mineral resource, measured mineral resource,
indicated mineral resource and inferred mineral resource are defined in, and
required to be disclosed by NI 43-101; however, these terms are not defined
terms under SEC Industry Guide 7 and are normally not permitted to be used in
reports and registration statements filed with the SEC. Investors are cautioned
not to assume that all or any part of a mineral deposit in these categories will
ever be converted into reserves. An inferred mineral resource has a lower
level of confidence than that applying to an indicated mineral resource and
must not be converted to a mineral reserve. It is reasonably expected that the
majority of inferred mineral resources could be upgraded to indicated mineral
resources with continued exploration. Under Canadian rules, estimates of
inferred mineral resources may not form the basis of feasibility or
pre-feasibility studies, except in rare cases.
Disclosure of contained ounces in a resource is permitted
disclosure under Canadian regulations; however, the SEC normally only permits
issuers to report in place tonnage and grade without reference to unit measures
for mineralization that does not constitute reserves by SEC standards.
Accordingly, information contained in the Technical Report contain descriptions
of the Companys mineral deposits that may not be comparable to similar
information made public by U.S. companies subject to the reporting and
disclosure requirements under the United States federal securities laws and the
rules and regulations thereunder.
The term mineralized material as used in the Technical
Report, although permissible under SEC Industry Guide 7, does not indicate
reserves by SEC Industry Guide 7 standards. The Company cannot be certain that
any part of the mineralized material will ever be confirmed or converted into
SEC Industry Guide 7 compliant reserves. Investors are cautioned not to assume
that all or any part of the mineralized material will ever be confirmed or
converted into reserves or that mineralized material can be economically or
legally extracted
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibit is being filed herewith:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
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KLONDEX MINES LTD.
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Date: May 30, 2018
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By:
/s/ Barry Dahl
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Name: Barry Dahl
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Title: Chief Financial Officer
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