Post by
hallidas1 on Dec 22, 2022 12:24pm
Dolly Varden Silver Announces Closing of $22.6M Private Pac
https://stockhouse.com/news/press-releases/2022/12/22/dolly-varden-silver-announces-closing-of-22-6-million-private-placement-with
Dolly Varden Silver Announces Closing of $22.6 Million Private Placement with Participation by Hecla Mining
The Company issued: (i) 5,634,516 common shares of the Company that qualify as "flow-through shares" as defined under the Income Tax Act (Canada) (the "FTOffered Shares") at a price of $0.90 per FT Offered Share; (ii) 14,884,700 common shares of the Company that qualify as "flow-through shares" as defined under the Income Tax Act (Canada) that will be issued as part of a charity arrangement (the "Charity Offered Shares" and together with the FT Offered Shares, the "Offered Shares") at a price of $1.05 per Charity Offered Share; and (iii) 2,334,114 non flow-through common shares to Hecla Canada Ltd.
Good to see tha alomost 3/4 of the shares issued were at the $1.05 per Charity Offered Share price
So DV will now be fully funded for another 100+ holes for the next drilling season.
OK DV.... Let's get an early Christmas Present with some more Homestake results!!!