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Newsfile Corp
3 months ago
Dolly Varden Silver Closes $34 Million Bought-Deal Financing
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) (the "Company" or "Dolly Varden") is pleased to announce that it has closed its previously announced bought-deal private placement for aggregate gross proceeds to the Company of $33,973,000, including the full exercise of the over-allotment option, pursuant to which Dolly Varden sold: 2,906,000 common shares of the Company ("Common Shares") at a price of $6.50 per Common Share for gross proceeds of $18,889,000, issued on a prospectus-exempt basis pursuant to the 'listed issuer financing exemption' ("LIFE") under applicable Canadian securities laws (the "LIFE Offering"); 750,000 Common Shares that qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and were issued as part of a charity arrangement (each, a "CFT Share") at a price of $9.42 per CFT Share for gross proceeds of $7,065,000, issued under the LIFE Offering; and 990,000 Common Shares that qualify as "flow-through shares" within the meaning of subsection 66(15) of the Tax Act (each, a "FT Share") at a price of $8.10 per FT Share for gross proceeds of $8,019,000, issued on a prospectus exempt basis other than LIFE (the "Private Placement Offering", and together with the LIFE Offering, the "Offerings"). The Offerings were completed on a bought-deal private placement basis pursuant to an underwriting agreement dated October 23, 2025, between the Company and a syndicate of underwriters co-led by Haywood Securities Inc. and Research Capital Corporation, as joint bookrunners, and including Raymond James Ltd.