Dolly Varden Silver (TSXV: DV) has its eyes on the big board. The company last night indicated it has applied to list on the NYSE American, while continuing to trade on the TSX Venture.
The trading symbol “DVS” has been reserved for the company on the exchange, with the listing still subject to the satisfaction of listing and regulatory requirements. A Form 40-F registration statement is expected to be filed in the near term, with Dolly targeting late April to begin trading on the exchange.
“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. 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,” commented Shawn Khunkhun, CEO of Dolly Varden.
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In connection with the listing, the company has indicated it intends to conduct a share consolidation. The consolidation will see shareholders receive one post consolidation share for every four pre-consolidation shares held.
Dolly Varden Silver last traded at $1.00 on the TSX Venture.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
