Dolly Varden sets vote on Contango arrangement

Executive Summary

• Dolly Varden Silver Corp. filed a special‑meeting circular and obtained an interim court order to hold a shareholder meeting on March 17, 2026 to approve its statutory arrangement with Contango ORE Inc.
• Under the arrangement, Contango will acquire 100% of Dolly Varden’s common shares; each Dolly Varden share converts into 0.1652 Contango voting shares (or an exchangeable Canadian subsidiary share for eligible shareholders).
• The board unanimously recommends approval, citing no financing condition, expected regulatory and court approvals, continuity of key management, and a potential tax‑deferred rollover election for Canadian shareholders.

Key Details

• Filing & Court Order: Management information circular dated Feb 11 2026 filed on SEDAR+; interim order from the Supreme Court of British Columbia authorizing meeting procedures.
• Meeting Information: In‑person at Stikeman Elliott LLP, Vancouver, BC on March 17 2026 at 10:00 a.m. (Vancouver time); proxy voting deadline is March 13 2026, 10:00 a.m.
• Arrangement Terms:
• Contango ORE Inc. to acquire all issued and outstanding Dolly Varden common shares.
• Share conversion ratio: 1 Dolly Varden share → 0.1652 Contango voting common shares (or 0.1652 exchangeable shares in a Canadian subsidiary for eligible shareholders).
• Arrangement requires ≥ 66.66% of votes cast at the meeting and subsequent court and regulatory approvals.
• Board Recommendation: Unanimous support citing: ability to consider superior proposals, participation in combined company value, equitable treatment, high likelihood of required approvals, no financing condition, continuity of certain directors/executives, existing voting support agreements (~22% of shares), and tax‑deferred rollover option.
• Voting Support Agreements: Executed with all directors/officers and select large shareholders controlling ~22% of outstanding shares; these parties have agreed to vote in favour.
• Shareholder Assistance: Proxy solicitation handled by Laurel Hill Advisory Group (toll‑free 1‑877‑452‑7184, collect call 416‑304‑0211, email [email protected]).

Notable Quotes

(No direct quotes were provided in the release.)