4//SEC Filing
Oliver Charles Fergus Hoblyn 4
Accession 0001140361-18-035056
CIK 0001311605other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 1:16 PM ET
Size
10.5 KB
Accession
0001140361-18-035056
Insider Transaction Report
Form 4
Oliver Charles Fergus Hoblyn
Director
Transactions
- Disposition to Issuer
Deferred Share Units ("DSUs")
2018-07-20−45,046→ 0 total→ Common Shares (45,046 underlying) - Disposition to Issuer
Stock Options
2018-07-20−100,000→ 0 total→ Common Shares (100,000 underlying) - Disposition to Issuer
Common Shares
2018-07-20−42,300→ 0 total
Footnotes (3)
- [F1]The common shares were disposed of upon completion of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") and pursuant to an arrangement agreement dated March 16, 2018, by and among the Issuer, Hecla Mining Company ("Hecla") and 1156291 B.C. Unlimited Liability Company, a wholly-owned subsidiary of Hecla, in exchange for $35,578.53 in cash, 17,495 common shares of Hecla, having a market value of $3.220 per share on the effective date of the Arrangement (the "Effective Date"), and 5,287 common shares of Havilah Mining Corporation, a subsidiary of Hecla ("Havilah"), having a market value of $0.46 per share on the first date of trading.
- [F2]The options, being "in-the-money" options held by the reporting person outstanding immediately prior to the Effective Date, were granted at an exercise price of the equivalent of $2.04 (as converted from Canadian dollars to US dollars based on the noon exchange rate on the date of grant). Immediately prior to the Effective Date, the options were converted into common shares of the Issuer and then disposed of pursuant to the Arrangement for (i) $84,110.00 in cash, (ii) 41,360 common shares of Hecla, having a market value of $3.22 per share on the Effective Date, and (iii) 12,500 common shares of Havilah, having a market value of $0.46 per share on the first date of trading.
- [F3]Each DSU represented a contingent right to receive the economic equivalent of one common share of the Issuer, payable in cash. The DSUs were cancelled pursuant to the Arrangement in exchange for a cash payment of $2.36 per DSU.
Documents
Issuer
Klondex Mines Unlimited Liability Co
CIK 0001311605
Entity typeother
Related Parties
1- filerCIK 0001692274
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 1:16 PM ET
- Size
- 10.5 KB