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.
