Business Chief US+CAN Magazine December 2015 | Page 47

KLONDEX MINES LTD .
MINING
“ No one knows this asset better than Paul . His relationship with Pierre was instrumental to getting this deal done ,” Seaberg said .
“ The acquisition was transformational for us , and it occurred during a pivotal point in our company ’ s development ,” added Huet . “ To this day , raising $ 100 million is one of the biggest highlights of my career . On my deathbed I ’ ll be talking about it .”
Klondex moving forward Before Huet ’ s arrival , Klondex was in bad shape — owing more than six million dollars to vendors with only $ 400,000 in the treasury , the company had negative working capital . Today , Klondex possesses two of the highest grade gold mines in the world , with $ 60 million in cash ,
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