HUGE news that could affect us!!Hecla buying out Dolly Varden at BIG premium...does anyone know who else is in that particular area?:)))))...this region in the Golden Triangle is VERY sought after for it`s vast potential!!!
| Hecla Announces Takeover Bid for Shares of Dolly Varden Silver at 97% Premium | | 2016-06-27 01:55:00 PM ET (BusinessWire) | | | |
| | | | Hecla Mining Company (NYSE:HL) today announced that it will make a takeover bid for all of the outstanding shares of Dolly Varden Silver Corporation not owned by Hecla and its affiliates for C$0.69 cash per share. The bid will be subject to a minimum tender condition that more than 50% of the shares are tendered, excluding shares owned by Hecla and its affiliates. This offer reflects a premium of approximately 55% based on Dolly Varden's closing price on June 24, 2016, and a premium of approximately 97% based on the volume-weighted average price of the Dolly Varden shares on the TSX-V for the 20 trading days ending June 24, 2016. | |
Read more at https://www.stockhouse.com/companies/bullboard/v.dv/dolly-varden-silver-corporation#3gUzbrGJSPgHPHiS.99