Core Viewpoint - Dolly Varden Silver Corporation has received recommendations from two leading independent proxy advisory firms, including Institutional Shareholder Services (ISS), to vote "FOR" the special resolution for the court-approved plan of arrangement with Contango ORE, Inc. [1][4] Arrangement Details - The special meeting for shareholders to vote on the Arrangement is scheduled for March 17, 2026, at 10:00 a.m. Vancouver time [2]. - Under the Arrangement, each Dolly Varden common share will be exchanged for 0.1652 of a Contango Share or, for Eligible Holders, 0.1652 of an Exchangeable Share [3][13]. - The Board of Dolly Varden recommends that shareholders vote FOR the Arrangement Resolution, with a proxy voting deadline set for March 13, 2026, at 10:00 a.m. Vancouver time [6][12]. Shareholder Participation - Eligible shareholders are encouraged to submit the Letter of Transmittal and Election Form promptly to receive Exchangeable Shares [7]. - If a registered shareholder does not submit a valid election by the Election Deadline, they will receive Contango Shares instead [8]. - The Election Deadline will be announced by Dolly Varden at least two business days prior [9]. Support and Fairness - The Arrangement has been evaluated with oversight from Dolly Varden's Special Committee and has received unanimous support from the Board of Directors [13]. - Fairness opinions were provided by financial advisors Raymond James Ltd. and Haywood Securities Inc. [13]. - Directors, officers, and significant shareholders representing approximately 22% of the issued and outstanding Dolly Varden shares have entered into voting support agreements for the Arrangement [13].
Independent Proxy Advisory Firms, Including ISS, Recommend Dolly Varden Shareholders Vote "FOR" Proposed Plan of Arrangement with Contango Ore, Inc.; Shareholders Reminded to Vote