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Hecla withdraws Dolly Varden takeover bid

 

Last updated 7/31/2016 at Noon



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 de...



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