Filing Details

Accession Number:
0001144204-18-013938
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-03-09 18:19:57
Reporting Period:
2018-03-07
Accepted Time:
2018-03-09 18:19:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1311605 Klondex Mines Ltd KLDX Gold And Silver Ores (1040) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1583785 Waterton Precious Metals Fund Ii Cayman, Lp Ugland House
Grand Cayman E9 KY1 1104
No No No Yes
1666617 Waterton Mining Parallel Fund Offshore Master, Lp Ugland House
Grand Cayman E9 KY1 1104
No No No Yes
1733585 Waterton Nevada Splitter, Llc 9650 Gateway Drive, Suite 202
Reno NV 89521
No No No Yes
1733600 Waterton Global Resource Management, Inc. Commerce Court West, 199 Bay Street
Suite 5050
Toronto A6 M5L 1E2
No No No Yes
1733638 Waterton Global Resource Management Cayman Corp. Ugland House
Grand Cayman E9 KY1 1104
No No No Yes
1733663 Waterton Global Resource Management, Lp Ugland House
Grand Cayman E9 KY1 1104
No No No Yes
1733710 Waterton Mining Parallel Fund Offshore Gp Corp. Ugland House
Grand Cayman E9 KY1 1104
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares, No Par Value ("Common Shares") Acquisiton 2018-03-07 19,500 $1.37 7,088,121 No 4 P Direct
Common Shares Acquisiton 2018-03-07 19,500 $1.37 9,698,816 No 4 P Indirect See footnotes
Common Shares Acquisiton 2018-03-08 62,867 $1.37 7,150,988 No 4 P Direct
Common Shares Acquisiton 2018-03-08 62,867 $1.37 9,761,683 No 4 P Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Indirect See footnotes
No 4 P Direct
No 4 P Indirect See footnotes
Footnotes
  1. On March 7, 2018, each of Waterton Mining Parallel Fund Offshore Master, LP, a Cayman Islands limited partnership ("Waterton Mining LP"), and Waterton Precious Metals Fund II Cayman, LP, a Cayman Islands limited partnership ("Waterton Fund II"), purchased 19,500 Common Shares at an average price of Cdn$1.77. Converted into USD using an exchange rate of Cdn$1.2947=US$1.00 as of March 7, 2018, the average price at which the Common Shares were purchased was US$1.37 per share.
  2. On March 8, 2018, each of Waterton Mining LP and Waterton Fund II purchased 62,867 Common Shares at an average price of Cdn$1.77. Converted into USD using an exchange rate of Cdn$1.2927=US$1.00 as of March 8, 2018, the average price at which the Common Shares were purchased was US$1.37.
  3. In addition to Waterton Mining LP, this Form 4 is being jointly filed by Waterton Global Resource Management, Inc., an Ontario corporation ("WGRM Inc."), Waterton Mining Parallel Fund Offshore GP Corp., a Cayman Islands corporation ("Waterton Mining GP"), Waterton Nevada Splitter, LLC, a Nevada limited liability company ("Waterton Nevada"), Waterton Fund II, Waterton Global Resource Management, LP, a Cayman Islands limited partnership ("WGRM LP"), Waterton Global Resource Management Cayman Corp., a Cayman Islands corporation ("WGRM Corp."), Richard J. Wells ("Wells"), a Canadian citizen, Cheryl Brandon ("Brandon"), a Canadian citizen, Kanwaljit Toor ("Toor"), a Canadian citizen, Kalman Schoor ("Schoor"), a United States citizen, and Isser Elishis ("Elishis"), a United States citizen. See Remarks below.
  4. WGRM Inc. is the sole shareholder of Waterton Mining GP and also provides investment advisory services to Waterton Mining LP. Waterton Mining GP is the general partner of Waterton Mining LP. WGRM Inc. is the sole shareholder of WGRM Corp. and also provides investment advisory services to Waterton Fund II. WGRM Corp. is the general partner of WGRM LP. WGRM LP is the general partner of Waterton Fund II. Waterton Fund II is the holder of a majority of the outstanding membership interests of Waterton Nevada. Elishis is the sole manager of Waterton Nevada. Wells, Brandon, Toor, Schoor and Elishis are the shareholders of WGRM Inc.
  5. After giving effect to the transactions reported on this Form 4, Waterton Mining LP directly beneficially owns 7,150,988 Common Shares.
  6. Continued from footnote 5: The remaining 9,761,683 Common Shares reported on this Form 4 as being indirectly owned by Waterton Mining LP are owned as follows: Waterton Nevada directly beneficially owns 2,600,000 Common Shares (excluding the 5,000,000 Common Shares issuable upon the exercise of warrants to purchase Common Shares reported on Form 3). Waterton Fund II directly beneficially owns 7,161,683 Common Shares and indirectly owns the 2,600,000 Common Shares beneficially owned directly by Waterton Nevada (excluding the warrants referred to above). Waterton Mining GP indirectly beneficially owns 7,150,988 Common Shares. Each of WGRM LP and WGRM Corp. indirectly beneficially owns 9,761,683 Common Shares (excluding the warrants referred to above). Each of WGRM Inc., Wells, Brandon, Toor, Schoor and Elishis indirectly beneficially owns 16,912,671 Common Shares (excluding the warrants referred to above).
  7. Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any securities covered by this statement. Each of Wells, Brandon, Toor, Schoor and Elishis disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.