Fury Gold Mines Ltd FURY

Dolly Varden Silver Announces Shareholder Approval

[hallidas1]

Dolly Varden Silver Announces Shareholder Approval of Previously Announced Acquisition of Homestake Resource Corporation at Special Meeting

V.DV | 34 minutes ago

VANCOUVER, BC, Feb. 22, 2022 /PRNewswire/ - Dolly Varden Silver Corporation ("Dolly Varden" or the "Company") (TSXV: DV) (OTC: DOLLF), is pleased to announce that the Company's shareholders have approved (i) the previously announced acquisition of Homestake Resource Corporation ("Homestake") from Fury Gold Mines Limited ("Fury") (TSX: FURY) (NYSE American: FURY) (the "Transaction") and (ii) the resultant creation of a new "control person" of the Company, being Fury, upon completion of the Transaction, at a special meeting of Shareholders held today (the "Meeting").

At the Meeting, the special resolution approving the Transaction and the creation of a new "control person" was approved by 98.8% the votes cast by Dolly Varden shareholders.

CEO, Shawn Khunkhun remarked "On behalf of the Board of Directors and Management, I would like to extend my gratitude to shareholders for supporting this accretive acquisition and the unification of the Kitsault Valley mineral deposit trend. With investors support, we have now positioned the company as creating one of the largest high-grade, undeveloped precious metals assets in BC's Golden Triangle."

Completion of the Transaction remains subject to a number of customary closing conditions, including the final approval of the TSX Venture Exchange (the "TSXV"). Assuming that all conditions to closing of the Transaction are satisfied or waived, the Transaction is expected to be completed on or about February 25, 2022.

Additional information regarding the terms of the Transaction, including a summary of the terms and conditions of the purchase agreement with respect to the Transaction, is set out in the information circular of Dolly Varden dated January 21, 2022, which is filed under Dolly Varden's SEDAR profile at www.sedar.com.

[GoldenOrb]

Great news with a big pay day coming in a year or more for Fury, plus $5 million to fund the drill programs for Fury's remaining concessions.  Half thought this transaction would have lifted Fury's PPS.  Even with gold/silver up, the fear of war factor overrode Fury/DV's great news.  I do hope DV is all over a drill program in the  large tract of land "in

[montydog]

I'm really scratching my head here.... Inflation is here, despite many commentators saying that wouldn't happen. Now - that inflation is proving to be long term when many said it would be transitory. And that inflation is a big part of why real rates are negative. And... cost to US for servicing its debt means those real rates are here to stay for the foreseeable future. And now we

[pennyflipping]

I think fury management starts with a blank skate as of this NR. (I believe all drill results are now out too?) If they can prove they aren't the incompetent blowhards that all but destroyed shareholder value the last year and a half, SP will slowly increase ON RESULTS. I don't think anyone has any trust or will give them credibility in what they say. They need to prove that they are

[GoldenOrb]

Well stupid I'd say that Ivan Bebek has his weight in the game here.  You really love to bash away.  Why you are wasting your breath on a stock(s) you consistently malign is beyond me.  If like you say there are SO many better deals then move on.  I for one will be glad to see your negative posting gone.  Bebek is I would say THE largest individual shareholder in Fury,