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

Published 2016-06-27, 02:11 p/m
© Reuters.  BRIEF-Hecla Mining to make takeover bid for all of shares of Dolly Varden Silver for C$0.69

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

Source text for Eikon: ID:nBwwSlQ0a
Further company coverage: HL.N

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