CAPITAL MARKETS

Dolly Varden wraps up financing

Dolly Varden Silver (TSXV: DV) has wrapped up a C$4.2 million private placement financing after closing the final $500,500 tranche this week. The company is spending $8.9 million this year on exploration at the Dolly Varden silver property in north-western British Columbia.

Staff reporter
Dolly Varden silver property in BC, Canada

Dolly Varden silver property in BC, Canada

Vancouver-based Dolly Varden aims to complete 25,000m of core drilling at its namesake project in 2018.

"The entire Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that hosts numerous other, on-trend, high-grade deposits [such as Eskay Creek and Brucejack]," the company says.

Dolly Varden shares are currently trading at less than half the levels they were at in January this year, capitalising the company at about C$21 million.

 

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