The Stock Options will be exercisable at a price of
The Company has granted of an aggregate of 1,183,000 restricted share units ('RSU') to officers and directors of the Company which will vest equally over three years with first vesting occurring after one year. Each vested RSU entitles the holder to receive one common share of the Company. The grant of RSU is subject to the Company's Restricted Share Unit Plan.
The Company also wishes to confirm that in connection with the Company's recently completed bought deal public offering, the underwriters received an aggregate cash fee of
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Forward Looking Statements
This release may contain forward-looking statements or forward-looking information under applicable Canadian 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', and similar expressions. 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. Forward looking statements or information in this release relates to, among other things, equity compensation plans. These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company 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.
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