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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (85272)	5/29/2020 9:43:33 AM
From: Goose94	Read Replies (1) \| Respond to of 202691

Dolly Varden Silver (DV-V) new 52 week high, 47.5 cents

To: Goose94 who wrote (85272)	6/11/2020 9:12:27 AM
From: Goose94	Read Replies (2) \| Respond to of 202691

Dolly Varden Silver (DV-V) Closes $7.68 Million Financing and Strategic Investment by Mr. Eric Sprott June 11, '20 - NR Dolly Varden Silver is pleased to announce that on June 10 it has closed two private placement financings (the "Offerings") to raise aggregate gross proceeds of approximately $7.68 million, previously announced on May 19 and May 20, 2020, respectively. The Offerings consisted of the sale of: (i) 6,969,697 common shares in the capital of the Company (the "Common Shares") at a price of $0.33 per share; and (ii) 10,000,000 Common Shares that qualify as "flow-through shares" as defined in the Income Tax Act (Canada) at a price of $0.45 per share. The Offerings were fully subscribed and included a strategic investment by Mr. Eric Sprott. Pursuant to the ancillary rights agreement between Hecla Canada Ltd. ("Hecla") and the Company, dated September 4, 2012, Hecla exercised its anti-dilution right in respect of the Offerings and acquired 1,311,989 Common Shares at a price of $0.33 per share and 1,112,346 Common Shares at a price of $0.40 per share to maintain its pro-rata equity interest in the Company. The securities issued to Hecla were in addition to those issued as part of the Offerings. In connection with the Offerings, the Company paid Mackie Research Capital Corp. ("Mackie") $54,000 and issued 418,182 Common Shares at a deemed price of $0.33 per share as a finder's fee, equal to 6% of the gross proceeds received by the Company from purchasers under the Offering who were introduced to the Company by Mackie. The Company paid Eventus Capital Corp. ("Eventus") a finder's fee of $216,000, equal to 6% of the gross proceeds of the Offerings from those purchasers introduced to the Company by Eventus. The net proceeds of the Offerings will be used for further exploration and mineral resource expansion of the Dolly Varden silver property in northwestern British Columbia, Canada and for ongoing working capital. The shares issued pursuant to the Offerings are subject to a statutory hold period which expires on October 11, 2020. A total of 103,766,058 Common Shares in the Company are outstanding following closing of the Offerings and the Hecla subscriptions. Mr. Sprott is considered a related party of the Company under Multilateral Instrument 61-101 as a result of his ownership of more than 10% of the currently issued and outstanding Common Shares. As a result, the issuance of Common Shares to Mr. Sprott, pursuant to the Offerings is considered a related party transaction. The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 on the basis that participation in the Offering by Mr. Sprott does not exceed 25% of the fair market value of the Company's market capitalization. About Dolly Varden Silver Corporation Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects, the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, based on its similar structural and stratigraphic setting to other high-grade deposits (Eskay Creek, Brucejack) in the region. The Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris). Additional information about the Company and its activities may be found on the Company's website www.dollyvardensilver.com and under the Company's profile at www.sedar.com.