Dolly Varden Silver Corp. successfully closed a bought deal financing on October 23, 2025, raising aggregate gross proceeds of \(33,973,000. This capital raise utilized a combined structure involving LIFE Securities (not subject to statutory hold periods) and Flow-Through (FT) shares, with prices ranging from \)6.50 to \(9.42 per unit. The offering was co-led by Haywood Securities and Research Capital Corporation, who, along with Raymond James, received a 5.0% cash commission (\)1.7M).
The primary use of proceeds, estimated at approximately $28M, is dedicated to funding the 2026 exploration progr
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