Dolly varden and fury announce the sale of dolly varden common shares to an institutional investor

Vancouver, bc / accesswire / october 3, 2022 / dolly varden silver corporation ("dolly varden") (tsxv:dv) (otcqx:dollf) and fury gold mines ltd ("fury") (tsx:fury) (nyse american:fury) are pleased to announce that dolly varden's largest shareholder, fury, with the approval and consent of dolly varden, has entered into a non-brokered agreement to sell 17 million common shares at c$0.40 per share in the capital of the dolly varden ("common shares"), representing approximately 7.4% of the outstanding common shares, to a well known institutional investor (the "transaction"). fury approached dolly varden about the sale of a portion of its common shares as a way for fury to finance continued exploration at the eau claire and ÉlÉonore south joint venture projects in quebec and for general working capital.
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