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Klondex Mines Ltd. (TSX: KDX and OTCQX: KLNDF), a Nevada gold exploration and development company, begins trading today on the OTC market's OTCQX International tier under the symbol “KLNDF.” Trading on OTCQX is intended to leverage Klondex’s existing Toronto Stock Exchange profile and disclosure to provide a more visible and liquid market for its common stock in the U.S.
Blane Wilson, President and CEO of Klondex, commented: "As a Toronto Stock Exchange-listed company, with our principal gold and silver exploration and development operations in Nevada, we wanted to elevate the visibility of our Company and our common stock in the U.S. market. The OTCQX provides a means to achieve this goal, by leveraging our existing disclosure and regulatory compliance in Canada.
“Given our active surface and underground exploration programs, our expected commencement of initial gold production via bulk sampling later this year, and our work toward an update of our gold resource, we believe this is an opportune time to join the OTCQX.”
“OTCQX provides services to companies which enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Klondex Mines to OTCQX.”
Current financial disclosures and Real-Time Level 2 quotes for Klondex Mines can be found at
www.otcmarkets.com. OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for OTC-traded equities.
Troutman Sanders LLP is serving as Klondex's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
The OTCQX marketplace is the intelligent marketplace for the best OTC companies. Investor-focused companies use the quality-controlled OTCQX marketplace to offer investors transparent trading, superior information and easy access through their regulated U.S. broker-dealers.