Brief: Hecla Mining to make takeover bid for all of shares of Dolly Varden Silver for C$0.69

Dolly Varden Silver

27/06/2016 18:55

June 27 (Reuters) - Hecla Mining Co: 
    * Hecla announces takeover bid for shares of dolly varden 
silver at 97 pct premium 
    * Will make takeover bid for all of outstanding shares of 
dolly varden silver not owned by hecla and its affiliates for 
C$0.69 cash/share 
    * Also entered into support agreements with shareholders who 
collectively hold 2.5 million Dolly Varden shares, 1.3 million 
Dolly Varden warrants 
    * Hecla's takeover bid for Dolly Varden has been approved by 
hecla's board of directors and will not require approval by its 
shareholders 
 
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