Hecla withdraws Dolly Varden takeover bid

Dolly Varden Silver Corp. July 25 reported that the British Columbia Securities Commission and the Ontario Securities Commission denied a request by Hecla Mining Company to stop Dolly Varden from completing a previously announced private placement financing.

Hecla, which owned roughly 19.8 percent of Dolly Varden's shares on a partially diluted basis, has argued that the financing would be destruc...