SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Revett Mining Company, Inc. - RV...

BALA CYNWYD, Pa., April 1, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Revett Mining Company, Inc. ("Revett" or "the Company") NYSE MKT-RVM-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Hecla Mining Company ("Hecla").

Click here to learn more about the investigation http://brodsky-smith.com/913--revett-mining-company-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Revett shareholders will receive only 0.1622 of a share of Hecla common stock for each share of Revett stock they own. The transaction values Revett shares at only approximately $0.52 per share. The investigation concerns whether the Board of  Revett breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Hecla is underpaying for Revett. The transaction may undervalue Revett given that the Company is in the permitting stage of its Rock Creek project.  In addition the transaction will result in a loss for many shareholders as Revett stock previously traded as high as $5.26 per share and traded at $1.28 as recently as August 28, 2014.   

If you own shares of Revett stock and wish to discuss the legal ramifications of   the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, by visiting http://brodsky-smith.com/913--revett-mining-company-inc.html, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

 

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SOURCE Brodsky & Smith, LLC

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