Havilah Mining Corporation to Commence Trading on TSXV
Havilah Mining Corporation to Commence
Trading on TSXV
TORONTO
,
July 25, 2018
/CNW/ -
Havilah Mining Corporation
(TSXV:
HMC
) ("
Havilah
" or the
"
Company
") is pleased to announce that, pursuant to the final approval received from the TSX
Venture Exchange ("
TSXV
"), Havilah's common shares will commence trading on the TSXV at the
opening of the market on
July 25, 2018
under the symbol "HMC".
Havilah is a newly-listed company formed pursuant to the spin-out of the Canadian operations of
Klondex Mines Ltd. ("
Klondex
"), including the True North mine and mill complex in
Bissett, Manitoba
.
The U.S. operations of Klondex were acquired by Hecla Mining Company on
July 20, 2018
. In
connection with the completion of the acquisition and spin-out, Havilah has issued 22,755,979
common shares to the former Klondex shareholders, and
Hecla
has subscribed for an additional
3,539,332 common shares for an aggregate subscription price of
$9,242,800
. As a result, a total of
26,295,311 Havilah common shares are issued and outstanding at the commencement of trading.
Former shareholders of Klondex, to the extent they have not done so, are reminded to complete and
submit their Letter of Transmittal to Klondex's depositary, Computershare Investor Services Inc., in
order to receive the applicable consideration in connection with the
Hecla
transaction, including their
common shares of Havilah.
Further information concerning Havilah may be found on its website at
www.havilahmining.com
and in
the Company's TSXV listing application, available on SEDAR at
www.sedar.com
under Havilah's
profile.
ABOUT HAVILAH
Havilah Mining Corporation is a junior gold producer that is leading the next generation of precious
and base metals exploration and development. In addition to operating the True North mine and mill
complex in
Bissett, Manitoba
, Havilah seeks to grow its asset base through acquisitions of accretive
mineral properties in
Canada
and
the United States
. Havilah's processing capabilities, site
infrastructure and focused corporate strategy sets it apart from its industry peers.
ON BEHALF OF THE BOARD OF DIRECTORS
Blair Schultz
Interim Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
This press release may contain forward-looking statements. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be
achieved. This press release may contain forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as "plans", "expects", or
"does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will"
be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and assumptions based on information
available at the time the statements were made. Actual results or events may differ from those
predicted in these forward-looking statements. All of the Company's forward-looking statements are
qualified by the assumptions that are stated or inherent in such forward-looking statements, including
the assumptions listed below. Although the Company believes that these assumptions are
reasonable, this list is not exhaustive of factors that may affect any of the forward-looking
statements.
Forward-looking statements involve known and unknown risks, future events, conditions,
uncertainties and other factors which may cause the actual results, performance or achievements to
be materially different from any future results, prediction, projection, forecast, performance or
achievements expressed or implied by the forward-looking statements. Although Havilah has
attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements.
The Company disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events, or otherwise, except in
accordance with applicable securities laws.
SOURCE
Havilah Mining Corporation
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http://www.newswire.ca/en/releases/archive/July2018/25/c7586.html
%SEDAR: 00045592E
For further information:
Shaun Heinrichs, CPA, Interim Chief Financial Officer,
CO: Havilah Mining Corporation
CNW 08:00e 25-JUL-18