/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, Sept. 28, 2017 /CNW/ - Dolly Varden Silver
Corporation (TSX.V: DV | U.S.: DOLLF) (the "Company" or " Dolly Varden ")
announces that Hecla Canada Ltd. (" Hecla ") has exercised its pre-emptive right under
the Ancillary Rights Agreement dated September 4, 2012 between the Company and Hecla to maintain its ownership interest in the Company in connection with certain exercises of the
Company's warrants. Hecla has subscribed for 79,539 common shares of the Company ("Common
Shares") at a price of $0.55 per share in order to maintain its pro-rata ownership interest in
the Company.
The issuance of the Common Shares to Hecla is subject to the approval of the TSX Venture
Exchange ("TSXV") and other customary closing conditions. The issuance of the Common Shares to Hecla is expected to occur on or about October 9, 2017. The Common Shares to
be issued to Hecla will be subject to a four-month hold period.
About Dolly Varden
Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects, the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property.
FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or
implied by the forward-looking statements. These forward-looking statements are based on management's current expectations and
beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such
forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such
statements, events or developments except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.
This release does not constitute an offer to sell or a solicitation of an offer to buy of any securities in the United States. The securities described herein have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be
offered or sold within the United States except in compliance with the registration requirements
of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom.
SOURCE Dolly Varden Silver Corp.
View original content: http://www.newswire.ca/en/releases/archive/September2017/28/c7331.html