Dolly Varden Silver announces closing of $C22.6M private placement
December 22, 2022
22.60 Million CAD
On December 22, 2022, Research Capital Corporation, as co-lead agent and joint bookrunner with Eventus Capital Corp., announced the completion of Dolly Varden Silver Corporation's private placement. The offering amounted to gross proceeds of approximately C$20.7 million, including the full exercise of the agents’ option, and was further increased by $1.9 million from Hecla Canada Ltd.’s pro-rata participation to maintain its 10.21% ownership on a fully diluted basis, for aggregate gross proceeds of C$22.6 million.
Research Capital Corporation is an independent full service investment firm headquartered in Toronto, Ontario.
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project located in the Golden Triangle of British Columbia, Canada, 25kms by road to deep tide water.
McCarthy Tetrault advised Research Capital Corporation with a team led by Gary Litwack that included Sarah Ferguson, Rebecca Ferguson (Business), and Nigel Johnston (Tax).