Dolly Varden Receives Investment from Hecla Mining Company
olly Varden Silver Corporation (TSXV:DV, OTCBB:DOLLF) announced that they have received an investment of $2,711,646 from the Hecla Mining Compnay
Dolly Varden Silver Corporation (TSXV:DV, OTCBB:DOLLF) announced that they have received an investment of $2,711,646 from the Hecla Mining Company.
As quoted in the press release:
This financing, in part, replaces the 10,000,000 shares traded in the transaction announced on February 27, 2013. Subsequent to this financing, Hecla owns 26,202,919 shares of Dolly Varden for a 19.94% interest in the Company. All of the securities issued pursuant to the private placement are subject to a four month hold period expiring on August 18, 2013.
Dolly Varden’s Chairman, John King Burns, said:
We are very pleased to see Hecla Mining Company, our strategic partner and investor, continue its support of Dolly Varden Silver Corporation. Their substantial ongoing investment in Dolly Varden and their strategic assistance is a testament to the experienced team we’ve assembled and the prospects of our Dolly Varden property. We look forward to advancing our drilling and infrastructure program this spring and summer with the goal of defining a high-grade silver resource on our existing four deposits, and identifying an Eskay Creek-type VMS deposit at our Red Point target, just northwest of our existing mines.
To view the whole press release, click here.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1808.82 | +0.41 | |
Silver | 19.98 | +0.13 | |
Copper | 3.57 | -0.14 | |
Palladium | 1934.01 | -10.99 | |
Platinum | 887.00 | +1.00 | |
Oil | 110.66 | +4.90 | |
Heating Oil | 3.94 | +0.11 | |
Natural Gas | 5.88 | +0.26 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.