VANCOUVER, Dec. 12, 2019 /CNW/ - Dolly Varden Silver
Corporation (TSX.V: DV | U.S.: DOLLF) (the
"Company" or "Dolly
Varden") announces that it has granted an aggregate of
1,400,000 incentive stock options to directors, officers, and
consultants to purchase up to 1,400,000 common shares in the
capital of Dolly Varden. The
incentive stock options have an exercise price of $0.30 per share, expire five years from the date
of grant, and vest immediately. As a result of this option grant,
Dolly Varden has 4,905,000 stock
options outstanding, representing 5.9% of the issued and
outstanding share capital of the Company.
About Dolly Varden
Dolly Varden Silver Corporation is a mineral exploration company
focused on exploration in northwestern British Columbia. Dolly Varden has two projects, the namesake
Dolly Varden silver property and the
nearby Big Bulk copper-gold property. Since December 2016, Dolly
Varden has been under the direction of management provided
by the experienced Belcarra Group Management Ltd. ("Belcarra
Group"). Belcarra Group is comprised of highly qualified mining
professionals. The Company's Common Shares are listed and
traded on the TSX.V under the symbol "DV" and on the OTCBB system
under the symbol "DOLLF".
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
SOURCE Dolly Varden Silver Corp.