Dolly Varden Sets March 24 2026 Deadline for Exchangeable Share Elections
Registered Dolly Varden shareholders using DRS must submit their Letter of Transmittal and Election Form in PDF by 5:00pm ET on March 24, 2026 to receive exchangeable shares under the planned merger with Contango ORE. Court approval hearing is set for March 23 and closing is expected shortly thereafter.
1. Exchangeable Share Election Process
Dolly Varden is offering exchangeable shares as consideration under its court-approved plan of arrangement with Contango ORE. Registered shareholders holding common shares via direct registration (DRS) who wish to receive exchangeable shares must complete and deposit the Letter of Transmittal and Election Form.
2. Submission Requirements and Deadline
Eligible DRS holders must submit unprotected PDF versions of the Letter of Transmittal and Election Form to the depositary’s email address. All documents must be received by 5:00pm Eastern Time on Tuesday, March 24, 2026; email submission is unavailable for certificate holders.
3. Court Approval and Closing Timeline
The British Columbia Supreme Court hearing for final approval of the arrangement is scheduled for March 23, 2026. Subject to court approval and other customary conditions, closing is expected to follow shortly after the hearing.
4. Default Share Allocation
Shareholders who do not deposit a properly completed Letter of Transmittal and Election Form by the election deadline or fail to meet submission requirements will, by default, receive voting common stock of Contango ORE under the terms of the arrangement.