BRIEF-Hecla Mining to make takeover bid for all of shares of Dolly Varden Silver for C$0.69

Mon Jun 27, 2016 2:11pm EDT
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June 27 (Reuters) - Hecla Mining Co:

* Hecla announces takeover bid for shares of dolly varden silver at 97 pct premium

* Will make takeover bid for all of outstanding shares of dolly varden silver not owned by hecla and its affiliates for C$0.69 cash/share

* Also entered into support agreements with shareholders who collectively hold 2.5 million Dolly Varden shares, 1.3 million Dolly Varden warrants

* Hecla's takeover bid for Dolly Varden has been approved by hecla's board of directors and will not require approval by its shareholders Source text for Eikon: Further company coverage: