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Dolly Varden Silver Corp. completes C$3M private placement

Date closed: 12/19/2016

Value: C$3 million

On December 19, 2016, Dolly Varden Silver Corporation (Dolly Varden) completed a private placement financing to raise gross proceeds of approximately C$3 million from the sale of (a) common shares and (b) common shares that qualify as "flow-through shares" as defined in Canada's Income Tax Act.

Dolly Varden, headquartered in Vancouver, British Columbia, is a mineral exploration company.

BLG represented Dolly Varden with a team led by Fred R. Pletcher that included Melanie BradleyJoelle Dudelzak and Richard Eisenbraun.