- Dolly Varden Silver (DV) has announced a brokered private placement for gross proceeds of up to $18 million
- The company will offer flow-through common shares at $0.90 per share and charity flow-through common shares at $1.05 per share
- The offering is expected to close on or about December 21, 2022
- The gross proceeds will be used for further exploration, mineral resource expansion and drilling in Kitsault Valley in B.C.
- Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its Kitsault Valley Projects
- Dolly Varden Silver Corporation (DV) opened trading at C$0.83
Dolly Varden Silver (DV) has announced a brokered private placement for gross proceeds of up to $18 million.
The company has signed an agreement with Research Capital Corporation and Eventus Capital Corp. as co-lead agents and joint bookrunners for the sale of flow-through common shares at a price of $0.90 per share and charity flow-through common shares at a price of $1.05 per share.
The agents have been given the option to sell up to an additional 15 per cent of the number of shares offered, in whole or in part, at any time up to 48 hours prior to the closing of the offering.
The offering is expected to close on or about December 21, 2022.
The gross proceeds will be used for further exploration, mineral resource expansion and drilling in Kitsault Valley, located in northwestern British Columbia.
The agents will receive a cash fee equal to 6.0 per cent of the gross proceeds of the offering.
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its Kitsault Valley Projects in the Golden Triangle of British Columbia.
Dolly Varden Silver Corporation (DV) opened trading at C$0.83.