RSS SubscribeMarch 9, 2022
VANCOUVER, BC, March 9, 2022 /CNW/ – Dolly Varden Silver Corporation (TSXV: DV) (OTC: DOLLF) (the “Company” or “Dolly Varden“) announces that it proposes to issue 402,815 common shares in the capital of the Company (“Common Shares“) to Haywood Securities Inc. (“Haywood“) pursuant to a financial advisory agreement between Haywood and the Company. As previously described in the Company’s management information circular dated January 24, 2022 (the “Circular“), Dolly Varden engaged Haywood to provide financial advisory services in connection with Dolly Varden’s acquisition of a 100% interest in the Homestake Ridge gold-silver project from Fury Gold Mines Ltd. (“Fury“), which closed on February 25, 2022 (the “Transaction“). Haywood will be issued the Common Shares at a deemed price of $0.5896 per share for an aggregate value of $237,499.72, which represents a portion of Haywood’s fee for advisory services they provided to Dolly Varden in respect of the Transaction. The deemed price per share of $0.5896 is substantially equal to the price per share issued by Dolly Varden to Fury and Hecla Canada Ltd. in connection with the Transaction.
The issuance of the Common Shares to Haywood is subject to the approval of the TSX Venture Exchange.