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Message: klondex found another partner

klondex found another partner

posted on Jul 21, 2009 11:44PM

to be candid, i can't say i blame them. the offer to buy klondex is officially kaput:

Silvercorp Announces It Has Terminated Its Offer to Klondex Shareholders

Silvercorp Metals Inc. ("Silvercorp") (TSX:SVM - News)(AMEX:SVM - News) announced today that its offer to acquire all the outstanding shares of Klondex Mines Ltd. ("Klondex") expired today at 5:00 p.m. (Eastern Time). At the time of expiry, certain conditions to the offer, including the minimum tender threshold of 66 2/3% had not been met. As a result, Silvercorp has terminated its offer. All Klondex shares that have been tendered to the offer will be promptly returned to shareholders.

http://finance.yahoo.com/news/Silvercorp-Announces-It-Has-iw-667599998.html?x=0&.v=1

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