HECLA MINING COMPANY (NYSE:HL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

On July 5, 2018, Hecla Mining Company (“Hecla”), our wholly owned subsidiary, 1156291 B.C. Unlimited Liability Company, and Klondex Mines Ltd. (“Klondex”), amended that certain Arrangement Agreement (the “Amendment”) by and among the parties dated March 16, 2018, as amended on June 4, 2018. Under the terms of the Amendment (i) the terms Maximum Cash Consideration and Maximum Purchaser Shares, as each are used in the Arrangement Agreement and related Plan of Arrangement, are revised, and (ii) a new defined term “Outstanding Warrant Shares” is added to both documents, in each case to reflect the possibility that current “in the money” Klondex warrants may not be exercised prior to the closing of Hecla’s acquisition of Klondex, and to give effect to any such unexercised warrants in the calculation of the amounts under such defined terms, as revised. The Amendment does not change the consideration payable by Hecla to the securityholders of Klondex. The Amendment also makes certain other immaterial changes to the Plan of Arrangement included as a schedule to the Arrangement Agreement.

The Amendment has been incorporated by reference herein to provide you with information regarding its terms. It is not intended to provide any other factual information about us. Such information can be found elsewhere in other public filings we have made with the Securities and Exchange Commission, which are available without charge at www.sec.gov.

Item 9.01 Financial Statements and Exhibits

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*Filed herewith.

HECLA MINING CO/DE/ Exhibit
EX-2.1 2 ex_117429.htm EXHIBIT 2.1 ex_117429.htm Exhibit 2.1   AMENDING AGREEMENT   THIS AMENDING AGREEMENT dated as of the 5th day of July,…
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About HECLA MINING COMPANY (NYSE:HL)

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. The Company’s segments include the Greens Creek, Lucky Friday, Casa Berardi units and San Sebastian. It is focused on its San Sebastian project; North Idaho’s Silver Valley; Greens Creek unit on Alaska’s Admiralty Island; the silver-producing district near Durango; the Abitibi region of north-western Quebec, and the Creede district of Southwestern Colorado. The concentrates produced at its Greens Creek and Lucky Friday units contain payable silver, zinc and lead, and the concentrates produced at Greens Creek contain payable gold.