Dolly Varden Silver Announces Application to List on the NYSE American and Share Consolidation
Dolly Varden Silver (DOLLF) has announced its application to list on the NYSE American exchange, planning to transition from its current OTCQX listing. The company expects to begin trading under the symbol 'DVS' in late April 2025, subject to regulatory approvals.
In preparation for the NYSE American listing, the company will implement a 4:1 share consolidation, reducing outstanding shares from 318,077,469 to approximately 79,519,367. The consolidation is expected to be effective April 7, 2025, with proportionate adjustments to stock options, warrants, and restricted share units.
The company will maintain its TSX Venture Exchange listing under the symbol 'DV' while filing a Form 40-F registration statement with the SEC. Shareholders will receive instructions regarding the exchange of pre-consolidation shares through a letter of transmittal from Computershare Trust Company.
Dolly Varden Silver (DOLLF) ha annunciato la sua richiesta di quotazione sulla borsa NYSE American, pianificando di passare dall'attuale quotazione OTCQX. L'azienda prevede di iniziare a negoziare sotto il simbolo 'DVS' alla fine di aprile 2025, soggetto ad approvazioni normative.
In preparazione alla quotazione sulla NYSE American, l'azienda attuerà una consolidazione delle azioni 4:1, riducendo le azioni in circolazione da 318.077.469 a circa 79.519.367. La consolidazione dovrebbe essere efficace dal 7 aprile 2025, con aggiustamenti proporzionali per le opzioni azionarie, i warrant e le unità di azioni vincolate.
L'azienda manterrà la sua quotazione sulla borsa TSX Venture Exchange con il simbolo 'DV', mentre presenterà una dichiarazione di registrazione Form 40-F presso la SEC. Gli azionisti riceveranno istruzioni riguardanti lo scambio delle azioni pre-consolidazione tramite una lettera di trasmissione da Computershare Trust Company.
Dolly Varden Silver (DOLLF) ha anunciado su solicitud para cotizar en la bolsa NYSE American, planeando hacer la transición de su actual cotización en OTCQX. La compañía espera comenzar a negociar bajo el símbolo 'DVS' a finales de abril de 2025, sujeto a aprobaciones regulatorias.
En preparación para la cotización en NYSE American, la compañía llevará a cabo una consolidación de acciones 4:1, reduciendo las acciones en circulación de 318,077,469 a aproximadamente 79,519,367. Se espera que la consolidación sea efectiva el 7 de abril de 2025, con ajustes proporcionales a opciones sobre acciones, warrants y unidades de acciones restringidas.
La compañía mantendrá su cotización en la bolsa TSX Venture Exchange bajo el símbolo 'DV' mientras presenta una declaración de registro Form 40-F ante la SEC. Los accionistas recibirán instrucciones sobre el intercambio de acciones pre-consolidación a través de una carta de transmisión de Computershare Trust Company.
돌리 바르덴 실버 (DOLLF)는 NYSE 아메리칸 거래소에 상장 신청을 했으며, 현재 OTCQX 상장에서 전환할 계획입니다. 이 회사는 2025년 4월 말에 'DVS' 기호로 거래를 시작할 것으로 예상하고 있으며, 규제 승인을 받을 예정입니다.
NYSE 아메리칸 상장을 준비하기 위해, 이 회사는 4:1 주식 통합을 시행하여 유통 주식을 318,077,469주에서 약 79,519,367주로 줄일 예정입니다. 통합은 2025년 4월 7일부터 시행될 예정이며, 주식 옵션, 워런트 및 제한 주식 단위에 비례 조정이 이루어질 것입니다.
회사는 'DV' 기호로 TSX 벤처 거래소에서의 상장을 유지하면서 SEC에 Form 40-F 등록 성명을 제출할 것입니다. 주주들은 Computershare Trust Company로부터 사전 통합 주식 교환에 대한 지침을 받을 것입니다.
Dolly Varden Silver (DOLLF) a annoncé sa demande de cotation sur la bourse NYSE American, prévoyant de passer de sa cotation actuelle sur l'OTCQX. La société s'attend à commencer à négocier sous le symbole 'DVS' à la fin d'avril 2025, sous réserve d'approbations réglementaires.
En préparation de la cotation sur la NYSE American, la société mettra en œuvre une consolidation des actions 4:1, réduisant les actions en circulation de 318 077 469 à environ 79 519 367. La consolidation devrait être effective le 7 avril 2025, avec des ajustements proportionnels aux options sur actions, aux bons de souscription et aux unités d'actions restreintes.
La société maintiendra sa cotation sur la bourse TSX Venture Exchange sous le symbole 'DV' tout en déposant une déclaration d'enregistrement Form 40-F auprès de la SEC. Les actionnaires recevront des instructions concernant l'échange des actions pré-consolidation par le biais d'une lettre de transmission de Computershare Trust Company.
Dolly Varden Silver (DOLLF) hat seine Bewerbung für eine Listung an der NYSE American bekannt gegeben und plant, von der aktuellen OTCQX-Notierung zu wechseln. Das Unternehmen erwartet, Ende April 2025 unter dem Symbol 'DVS' zu handeln, vorbehaltlich der regulatorischen Genehmigungen.
Zur Vorbereitung auf die NYSE American-Notierung wird das Unternehmen eine 4:1 Aktienzusammenlegung durchführen, wodurch die ausstehenden Aktien von 318.077.469 auf etwa 79.519.367 reduziert werden. Die Zusammenlegung soll am 7. April 2025 wirksam werden, mit proportionalen Anpassungen für Aktienoptionen, Warrants und eingeschränkte Aktieneinheiten.
Das Unternehmen wird seine Notierung an der TSX Venture Exchange unter dem Symbol 'DV' beibehalten, während es eine Registrierungserklärung Form 40-F bei der SEC einreicht. Die Aktionäre erhalten Anweisungen zum Austausch von Vor-Zusammenlegungsaktien durch ein Übermittlungsschreiben von Computershare Trust Company.
- Uplisting to NYSE American provides access to larger, more liquid market
- Enhanced visibility and accessibility for U.S. institutional and retail investors
- Maintains dual listing status with TSXV
- 4:1 share consolidation reduces total shares outstanding
- Share consolidation may impact short-term trading liquidity
- NYSE American listing subject to regulatory approval and not guaranteed
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the "Company" or "Dolly Varden") announces that it has applied to list its issued and outstanding common shares (the "Common Shares") on the NYSE American, LLC (the "NYSE American") to complement its current listing on the TSX Venture Exchange (the "TSXV").
In advance of listing on the NYSE American, Dolly Varden intends to file a Form 40-F registration statement with the United States Securities and Exchange Commission (the "SEC"). Subject to the approval of the NYSE American and the satisfaction of all applicable listing and regulatory requirements, the Company expects its Common Shares to commence trading on the NYSE American around late April.
Dolly Varden's Common Shares would trade on the NYSE American under the ticker symbol "DVS". A trading date will be announced once all regulatory requirements are satisfied. The listing of the Common Shares remains subject to the approval of the NYSE American and the satisfaction of all applicable listing and regulatory requirements. Trading on the OTCQX under the ticker symbol DOLLF is expected to cease in connection with the NYSE American listing.
In connection with the proposed listing on the NYSE American, the Company intends to proceed with a consolidation of its Common Shares on the basis of one new post consolidation Common Share for every four existing pre-consolidation Common Shares (the "Consolidation").
"Listing on the NYSE American provides enhanced access to the world's largest and most liquid equity markets, which we believe will deliver exceptional value for our shareholders," stated Shawn Khunkhun, President and CEO. "Both institutional and retail investors based in the United States will have significantly greater ability to invest in Dolly Varden through more familiar platforms. With our past producing high grade silver mines and advanced exploration deposits, we believe that Dolly Varden will be a compelling company for American investors interested in high grade silver in a safe jurisdiction."
The Company's registration statement has not yet been filed or become effective. Any listing of the Company's Common Shares on the NYSE American will be subject to the registration statement becoming effective. The Company cannot provide assurance that it will be successful in achieving a listing of its Common Shares on the NYSE American.
Share Consolidation
The Board of Directors of the Company has approved the Consolidation ratio of four pre-Consolidation Common Shares for one post-Consolidation Common Share. The Consolidation will reduce the number of issued and outstanding Common Shares from 318,077,469 to approximately 79,519,367. Proportionate adjustments will be made to the Company's outstanding stock options, warrants and restricted share units. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional Common Shares that would have otherwise been issued will be rounded to the nearest whole Common Share.
Subject to final approval from the TSXV, the Consolidation is expected to be effective as of April 7, 2025.
A letter of transmittal with respect to the Consolidation will be mailed to the Company's registered shareholders. All registered shareholders will be required to send their certificate(s) representing pre-Consolidation Common Shares, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, Computershare Trust Company of Canada, in accordance with the instructions provided in the letter of transmittal. Until surrendered, each share certificate representing pre-Consolidation Common Shares will represent the number of whole post-Consolidation Common Shares to which the holder is entitled as a result of the Consolidation.
Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for their post-Consolidation positions. A copy of the letter of transmittal is posted on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.
It is anticipated that the post-Consolidation Common Shares will commence trading on the TSXV under the new CUSIP:256827783 and new ISIN:CA2568277834 on April 7, 2025. The Company's ticker symbol "DV" will remain unchanged on the TSXV.
About Dolly Varden Silver Corporation
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its
Forward-Looking Statements
This release may contain forward-looking statements or forward-looking information under applicable securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", "prospective" and similar expressions. Such forward-looking statements included in this news release include: the Company's proposed listing of Common Shares on the NYSE American and registration with the SEC; the benefits of listing the Common Shares on the NYSE American; the Consolidation; and the proposed effective date of the Consolidation. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, without limitation, risks associated with the speculative nature of exploration and development of minerals; the anticipates substantial future capital expenditures associated with the exploration and development of its assets and there can be no assurance that debt or equity financing will be available; inherent competition in the mining industry; risks associate with volatility in mineral prices; risks inherent in the estimation of mineral resources; environmental risks associated with the exploration and development of mineral properties; the Company is reliant on key personnel; risks associated with working in remote regions; risks associated with maintaining positive community relations; and the other risks disclosed in the Company's annual information form ("AIF") dated March 28, 2024 for the year ended December 31, 2023 and other documents filed by the Company with the Canadian securities regulatory authorities, which are available on SEDAR+ at www.sedarplus.ca. The risk factors identified in the Company's public filings are not intended to represent a complete list of factors that could affect the Company. Forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to satisfy the requirements of listing and registration, and to successfully pursue its current development plans, that future sources of funding will be available to the Company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247149
FAQ
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