RSS SubscribeMarch 26, 2024
Vancouver, British Columbia – March 26, 2024 – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden”) is pleased to announce the closing of its previously announced bought deal public offering for gross proceeds to the Company of $14,999,985 (the “Offering”). Pursuant to the Offering, Dolly Varden sold 14,285,700 shares of the Company on a charitable basis (each, a “Charity FT Share”) that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) at a price of $1.05 per Charity FT Share.
The Offering was completed by a syndicate of underwriters co-led by Research Capital Corporation, as co-lead underwriter and sole bookrunner, and Haywood Securities Inc., as co-lead underwriter, and including Raymond James Ltd. (collectively, the “Underwriters”). Mr. Eric Sprott, through 2176423 Ontario Ltd., participated in the Offering.