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Dolly Varden Silver Announces Issuance of Shares for MTB Metal Properties Purchase
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Dolly Varden Silver Corporation (...
About this update from Dolly Varden Silver Corporation
[{"type":"text","content":"Dolly Varden Silver Announces Issuance of Shares for MTB Metal Properties PurchaseVancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) (the \"Company\" or \"Dolly Varden\") is pleased to announce that, further to its news release dated May 15, 2025, it has completed the acquisition of interests in four properties (the \"Properties\") located in northwest BC's Golden Triangle from MTB Metals Corp. (\"MTB Metals\"). The Properties consist of the American Creek Property (consisting of the Mountain Boy Property, the Silver Crown Property and the Dorothy Property), the Theia Property, the BA Property, and the Red Cliff Property, with an area totaling over 20,000 hectares, further strengthening Dolly Varden's ground position in the region. As part of the acquisition, Dolly Varden also assumed and stepped into MTB Metals' obligations under MTB Metals' option agreement to acquire the Dorothy Property and MTB Metals' joint venture agreement with respect to the Red Cliff Property (the \"Red Cliff JV Agreement\").As consideration for the purchase of the Properties, Dolly Varden issued 486,072 common shares of the Company (the \"Consideration Shares\") to MTB Metals at a deemed price of $3.59 per Consideration Share. MTB will also retain a 1% net smelter return royalty on all production from each of the American Creek Property, the BA Property, the Theia Property and the Silver Crown Property. The securities described in this release have not been and will not be registered under the United States Securities Act of 1933, as amended, or the laws of any state or other jurisdiction of the United States. These securities may not be offered or sold in the United States absent such registration or an available exemption therefrom. This release does not constitute an offer to purchase or a solicitation of an offer to buy securities in any jurisdiction.The Consideration Shares issuable to MTB Metals will be subject to a four-month statutory hold period in accordance with applicable securities laws. MTB Metals is at arm's length to Dolly Varden. No finder's fees or commissions are payable by the Company in connection with the transaction.About the PropertiesThe American Creek Property (2,602 hectares) is centered on the past producing Mountain Boy high-grade silver...