Dolly Varden Silver Announces Upsize of Bought-Deal Financing to $28 Million, With Participation by Eric Sprott

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden”) is pleased to announce that it has entered into an amended agreement with Research Capital Corporation, as the sole bookrunner and co-lead underwriter, and together with Haywood Securities Inc. as co-lead underwriters, on behalf of a syndicate of underwriters, including Raymond James Ltd. (collectively, the “Underwriters”) to increase the size of its previously announced bought-deal financing, pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, a combination of securities of the Company (“Offered Securities”) for aggregate gross proceeds to the Company of $28,000,000, consisting of: