6-K - Dolly Varden Silver Corporation | StockGist

AI Analysis

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Contango Silver & Gold Inc. completed its merger with Dolly Varden Silver Corporation on March 26, 2026, acquiring all Dolly Varden common shares via a statutory plan of arrangement. Each Dolly Varden share was exchanged for 0.1652 Contango Shares or Exchangeable Shares, resulting in a 50/50 ownership split and 30,507,599 outstanding Contango Shares excluding Exchangeable Shares.

Key Takeaways

1Merger completed March 26, 2026, following shareholder and court approvals.

2Exchange ratio: 0.1652 Contango Share or Exchangeable Share per Dolly Varden common share.

3Contango issued 13,686,278 Contango Shares and replacement options for 417,048 Contango Shares.

4Acquireco issued 1,597,301 Exchangeable Shares, exchangeable 1:1 for Contango Shares.

5Post-merger: 30,507,599 outstanding Contango Shares excluding Exchangeable Shares.

6Dolly Varden shares to be delisted from TSX-V on March 27, 2026, and NYSE American on April 6, 2026.

7Combined entity has >US$100 million cash, minimal debt, and 50/50 ownership split.

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Transaction Details

Acquisition / Disposition

Target: Dolly Varden Silver Corporation
Consideration: 0.1652 Contango Share or Exchangeable Share per Dolly Varden common share; 13,686,278 Contango Shares issued; 1,597,301 Exchangeable Shares issued; replacement options for 417,048 Contango Shares
Structure: Statutory plan of arrangement under Arrangement Agreement dated December 7, 2025, amended February 11, 2026

•Completed March 26, 2026
•Receipt of all required shareholder and court approvals

Exhibits (2)

6-K

FORM 6-K

99.1

EXHIBIT 99.1