Hecla Mining Company HL
("Hecla") announced today that a wholly owned subsidiary of Hecla
("Hecla Sub") has entered into a credit agreement (the "Credit
Agreement") with Dolly Varden Silver Corporation ("Dolly Varden")
and another significant shareholder of Dolly Varden, Robert L. Gipson,
as lenders (the "Lenders") providing for a senior, non-revolving
secured loan (the "Loan") of CDN$1,500,000. Pursuant to the
Credit Agreement, Hecla Sub will act as agent on behalf of the Lenders
and the Lenders have severally and not jointly agreed to advance
CDN$750,000 each to Dolly Varden. An additional CDN$500,000 may be made
available to Dolly Varden in the discretion of the Lenders, and in that
event, each Lender will have the option to advance its pro rata share
See full press release
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