Dolly Varden Silver is pleased to announce that its strategic investor Hecla Mining Company, through a wholly-owned subsidiary, has exercised its pre-emptive right to maintain its 19.94% interest in Dolly Varden and acquired 15,064,700 shares of the Company at a price of $0.18 per share, for gross proceeds of $2,711,646. This financing, in part, replaces the 10,000,000 shares traded in the transaction announced on [...]
Dolly Varden Silver is pleased to announce that it has entered into an agreement with Vanguard Shareholder Solutions as an investor relations consultant, subject to acceptance by the TSX Venture Exchange. Vanguard has been successfully providing strategic investor relations services to some of Canada's most successful publicly traded venture-stage companies for over 12 years. Vanguard's team is made up of investment [...]
Dolly Varden Silver is pleased to announce that it has entered into an option agreement with Musketeer Developments Ltd. and certain other parties to acquire 100% of the Musketeer Property of northwestern BC. This Agreement marks the Company's full consolidation of all the major, developed silver prospects and past-producing silver mines in the Upper Kitsault valley. With this acquisition, the Company is now able to drill [...]
Dolly Varden Silver is pleased to announce that further to its news release dated February 12, 2013, it has now closed the first tranche of its non-brokered private placement for gross proceeds of $1,860,800.00. Under the Offering, the Company issued 10,310,000 common shares at a price of $0.18 per share and 25,000 flow-through common shares at a price of $0.20 per FT Share. This closing did not include Hecla Mining [...]
Dolly Varden Silver announces that, further to its announcement February 12, 2013 of a non-brokered private placement of up to 83,333,333 common shares at a price of $0.18 per common share, Hecla Canada Ltd. sold a total of 10,000,000 common shares from February 22, 2013 to February 26, 2013. The Company has agreed that it will compensate Hecla for costs Hecla has incurred, expected to be approximately $38,000. Hecla has [...]
Dolly Varden Silver is pleased to announce that it will proceed with a non-brokered private placement of up to 83,333,333 common shares at a price of $0.18 per common share for total proceeds of up to $15,000,000. The Offering is anticipated to be completed in multiple closings. All securities issued in the Offering will be subject to a statutory four month hold period. Closing of the Offering is subject to a number of [...]
Dolly Varden Silver is pleased to release the results of its fall 2012 Exploration Program on the Dolly Varden property, located near tidewater in northwestern BC. Access to the Property for the 2012 season was from a helicopter staging area 17 km upstream from the Company's Alice Arm exploration camp.
Dolly Varden Silver is pleased to announce that it has completed its non-brokered private placement previously announced on December 28. The Company raised $532,000 through the issue of 2,660,000 flow-through common shares of the Company. The Company is also pleased to announce that, as of January 7, 2013, an aggregate of 1,910,000 Dolly Varden warrants were exercised for gross proceeds to the Company of $286,500.
Dolly Varden Silver is pleased to announce that it will complete a non-brokered private placement to raise $532,000 through the issue of 2,660,000 flow-through common shares of the Company. "These funds became available at the end of the year, and we were very pleased to be in a position to accept them on short notice," stated John Burns, Chairman of the Board. "The funds will be used to expand the 2013 exploration [...]
Dolly Varden Silver is pleased to report on the progress of its Fall 2012 exploration program. Fieldwork was initiated subsequent to the announcement of the Hecla Mining financing in a joint news release dated Sept. 10, 2012. The Company designed this late season program primarily to build a solid foundation of technical work for early launch of a 2013 Exploration Program.
Dolly Varden Silver is pleased to announce that, further to the Company's news release of August 21, 2012, it has closed its equity financing pursuant to which a wholly-owned subsidiary of Hecla Mining acquired 20,000,000 common shares of the Company, representing 19.9% of the outstanding Dolly Shares, at a price of $0.16 per Dolly Share for total proceeds of $3,200,000 (the "Financing"). Pursuant to the terms of an [...]
Dolly Varden is pleased to announce that it has entered into an agreement pursuant to which a wholly-owned subsidiary of Hecla Mining has agreed to acquire 20,000,000 common shares of the Company, representing 19.9% of the outstanding Dolly Shares, at a price of $0.16 per Dolly Share for total gross proceeds of $3,200,000. The issue price is equal to the 20-day volume-weighted average trading price of Dolly Shares at the [...]