Dolly Varden Silver Corporation (Ticker: DV.v or DOLLF for US investors) recently announced that it is doing a public offering of shares at a price of $1.05 per share (DV's current share price is $0.77), for total gross proceeds amounting to $14,999,985.
Of notable participation is prolific mining investor Eric Sprott, who has expressed his intention to engage in the offering.
The gross proceeds derived from the sale of these shares will be allocated towards further exploration, mineral resource expansion, and drilling endeavors within DV's combined Kitsault Valley project situated in northwestern British Columbia, Canada.
This fundraising as well as Dolly Varden Silver's other recent developments showcase the company's commitment to exploration and discovery.
For example, step-out drilling at its Homestake Ridge Project recently uncovered a new, high-grade gold zone.
Positive findings include intervals such as 79.49 grams per tonne (g/t) of gold over 12.45 meters, with standout results of 1,335 g/t of gold over 0.68 meters.
Additionally, infill drilling beneath the high-grade plunge at Homestake Main has revealed significant gold values.
These discoveries mark a significant advancement in defining and expanding mineralization at Homestake Ridge, with further exploration potential remaining open towards the northwest.
With the help of the money raised from the current offering, Dolly Varden Silver Corp. plans to continue its exploration efforts in 2024, aiming to delineate and expand upon these promising discoveries.
Full news: https://dollyvardensilver.com/dolly-varden-silver-announces-15-million-bought-deal-public-offering-with-participation-by-eric-sprott/
Posted on behalf of Dolly Varden Silver Corp.