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Dolly Varden Silver Announces Shareholder Approval of Previously Announced Acquisition of Homestake Resource Corporation at Special Meeting
Dolly Varden Silver Announces Shareholder Approval of Previously Announced Acquisition of...
About this update from Dolly Varden Silver Corporation
[{"type":"text","content":"\n \n \n \n Dolly Varden Silver Announces Shareholder Approval of Previously Announced Acquisition of Homestake Resource Corporation at Special Meeting\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 22, 2022\n \n \n /CNW/ -\n \n Dolly Varden Silver Corporation\n \n (\"\n \n \n Dolly Varden\n \n \n \" or the \"\n \n Company\n \n \") (TSXV: DV) (OTC: DOLLF), is pleased to announce that the Company's shareholders have approved (i) the previously announced acquisition of Homestake Resource Corporation (\"\n \n Homestake\n \n \") from Fury Gold Mines Limited (\"\n \n Fury\n \n \") (TSX: FURY) (NYSE American: FURY) (the \"\n \n Transaction\n \n \") and (ii) the resultant creation of a new \"control person\" of the Company, being Fury, upon completion of the Transaction, at a special meeting of Shareholders held today (the \"\n \n Meeting\n \n \").\n \n \n At the Meeting, the special resolution approving the Transaction and the creation of a new \"control person\" was approved by\n \n 98.8\n \n % the votes cast by\n \n Dolly Varden\n \n shareholders.\n \n \n CEO,\n \n Shawn Khunkhun\n \n remarked \"On behalf of the Board of Directors and Management, I would like to extend my gratitude to shareholders for supporting this accretive acquisition and the unification of the Kitsault Valley mineral deposit trend. With investors support, we have now positioned the company as creating one of the largest high-grade, undeveloped precious metals assets in BC's Golden Triangle.\"\n \n \n Completion of the Transaction remains subject to a number of customary closing conditions, including the final approval of the TSX Venture Exchange (the \"\n \n TSXV\n \n \"). Assuming that all conditions to closing of the Transaction are satisfied or waived, the Transaction is expected to be completed on or about\n \n February 25, 2022\n \n .\n \n \n Additional information regarding the terms of the Transaction, including a summary of the terms and conditions of the purchase agreement with respect to the Transaction, is s...