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Exciting News from Dolly Varden Silver Corporation
Vancouver, British Columbia–(Newsfile Corp. – September 4, 2024) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden”) is pleased to announce the closing of the first tranche of its previously announced bought deal financing for aggregate gross proceeds to the Company of $28 million (the “Offering”).
Are you as excited as we are about the latest news from Dolly Varden Silver Corporation? The Company has successfully closed the first tranche of its bought deal financing, raising a whopping $28 million in aggregate gross proceeds. This is definitely a cause for celebration!
In this offering, Dolly Varden sold a total of 11,500,000 common shares of the Company at a price of $1.00 per Common Share, generating gross proceeds of $11,500,000. Additionally, the Company sold 12,960,000 Common Shares that qualify as “flow-through shares” at a price of $1.25 per share, raising $16,200,000 on a bought deal private placement basis. These numbers are nothing short of impressive!
With this successful financing, Dolly Varden is well-positioned to continue its growth and expansion in the silver market. Investors and stakeholders can look forward to exciting developments and future opportunities with the Company. Stay tuned for more updates and news from Dolly Varden Silver Corporation!
How This News Will Affect You
As a potential investor or shareholder, the successful closing of the bought deal financing by Dolly Varden Silver Corporation indicates a strong financial position for the Company. This could potentially lead to increased growth and value for your investment in the Company. It is always a good sign when a company is able to raise significant funds, as it shows confidence in their business and future prospects.
How This News Will Affect the World
The success of Dolly Varden Silver Corporation in raising $28 million through its bought deal financing has positive implications for the silver market and the mining industry as a whole. It demonstrates investor confidence in the Company’s operations and projects, which could attract more interest and investment in the sector. This could ultimately lead to further developments in the silver market and contribute to the overall growth of the industry.
Conclusion
In conclusion, the announcement of the closing of the bought deal financing by Dolly Varden Silver Corporation is a significant milestone for the Company and the silver market. With a total of $28 million raised in gross proceeds, the Company is well-positioned for future growth and success. Investors and stakeholders can look forward to exciting opportunities and developments ahead. Stay tuned for more updates from Dolly Varden Silver Corporation!
