Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Klondex Mines Ltd. (NYSE American: KLDX) to Hecla Mining Company (NYSE: HL). Under the terms of the transaction, Klondex shareholders may elect to receive $2.47 in cash or 0.6272 of a Hecla share. If all Klondex shareholders elect either the cash or share option, each Klondex shareholders would receive $0.8411 in cash and 0.4136 of a Hecla share.
The investigation concerns whether the Board of Klondex breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Hecla Mining Corporation is underpaying for Klondex shares, thus unlawfully harming Klondex shareholders.
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