Dolly Varden Silver announces that it has entered into definitive agreements for new senior secured term loans with three lenders, Sprott Resource Lending Partnership, an additional Sprott affiliate, and The K2 Principal Fund L.P. These loans will provide an aggregate of CDN$2,500,000 in funds to the Company. Approximately $2,100,000 of the proceeds will be used immediately to repay the Company’s existing senior [...]
Dolly Varden Silver is pleased to announce receipt of C$500,000 in funds comprising the second and final tranche of the previously announced senior secured loan from Hecla Canada Ltd. and Robert L. Gipson, two significant shareholders of the Company. Receipt of these funds brings the total amount funded under the Loan to C$2 million. The Loan bears interest at a rate of 5% per annum and is due on September 30th, 2016, or [...]
Dolly Varden announces assay results from its 2015 exploration diamond drill program at its Dolly Varden property, located in northwestern British Columbia. Ten holes were completed for a total of 2,037 meters of drilling: six at Ace-Galena, three at Kitsol and one structural and stratigraphic test. Drilling confirmed the presence of volcanogenic massive sulphides mineralization at the Ace-Galena target and intersected a [...]
Dolly Varden is pleased to announce that Director and interim CEO and President, Rosie Moore will present at the 121st annual meeting and exposition of the American Exploration & Mining Association (AEMA) in Spokane, Washington on December 2, 2015. Highlights of Ms. Moore’s presentation, entitled “Dolly Varden Silver – 2015 – a busy year!”, will include: An overview of Dolly Varden’s property, high-grade resource, and [...]
Vancouver, British Columbia (FSCwire) - Dolly Varden Silver Corp. (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) announces that its board of directors (the “Board”) has voted to cease further accruals under the Company’s deferred share unit plan (the “DSU Plan”). The DSU Plan was implemented on June 20, 2013, and accrued common shares in the capital of the Company on a quarterly basis, as payment to Dolly [...]
Vancouver, British Columbia (FSCwire) - Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) has mobilized field crews and two core drill rigs to continue the second phase of its 2015 exploration program at the Dolly Varden property, located 26 kilometers north of tidewater at Alice Arm, in northwestern British Columbia. In total, approximately 2,200 meters of drilling will focus on [...]
Vancouver, British Columbia (FSCwire) - Dolly Varden Silver Corp. (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) has signed the definitive documentation for the closing of the previously announced senior secured loan (the “Loan”) from Hecla Canada Ltd. and Robert L. Gipson, two significant shareholders of the Company (each a “Lender”, and together the “Lenders”). The Loan is in the principle amount of [...]
Vancouver, British Columbia (FSCwire) - Dolly Varden Silver Corp. (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) announces that it has entered into an indicative non-binding term sheet (the “Term Sheet”) for a senior secured loan (the “Loan”) with two significant shareholders of the Company, Hecla Canada Ltd. and Robert L. Gipson (each a “Lender” and [...]
Vancouver, British Columbia (FSCwire) - Dolly Varden Silver Corp. (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) today responded to a press release from Skeena Resource Limited (“Skeena”)(TSX.V: SKE) dated August 31, 2015. On Thursday, August 27, Skeena delivered to the Company an unsolicited proposal to acquire Dolly Varden. The proposal had a short-response deadline of [...]
Vancouver, British Columbia (FSCwire) - Dolly Varden Silver Corp. (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) is pleased to report its maiden National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) mineral resource estimate completed by Giroux Consultants Ltd. covering the four known deposits on the Company’s wholly-owned Dolly Varden [...]
Vancouver, British Columbia (FSCwire) - Dolly Varden Silver Corp. (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) announces the cancellation of the adjourned meeting of the Company’s shareholders scheduled to be held at 10:00 a.m. on August 7, 2015. The adjourned meeting was scheduled to approve a convertible $2 million loan to the Company by Hecla Canada Ltd. and Real Earth 2 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 30, 2015) - Dolly Varden Silver Corp. (TSX VENTURE:DV)(OTCBB:DOLLF) (the "Company" or "Dolly Varden") is pleased to announce the start of its 2015 field exploration program, which is focused on the discovery of both hot spring VMS (volcanogenic massive sulphide) (Eskay) and high grade epithermal (Brucejack) styles of mineralization. These styles of mineralization are [...]