DVS shareholders should exchange their shares for Contango securities immediately; traders should close any open positions in DVS as the stock is delisted and no longer tradeable. Monitor Contango's application to list on the Toronto Stock Exchange for potential liquidity implications.
Price Chart
Executive Summary
Dolly Varden Silver Corp (DVS) has been acquired by Contango Silver & Gold Inc. in a merger completed on March 26, 2026, with Dolly Varden shareholders receiving 0.1652 Contango shares per DVS share. The DVS stock was delisted from the TSX Venture Exchange on March 27, 2026, and is no longer publicly traded on any exchange, marking the end of DVS as an independent public company.
Key Facts
- Merger with Contango Silver & Gold Inc. completed on March 26, 2026
- Exchange ratio: 0.1652 Contango shares for each Dolly Varden share
- Dolly Varden shares delisted from TSX Venture Exchange on March 27, 2026
- DVS no longer trades on NYSE American or Frankfurt Stock Exchange
- Contango issued 13,686,278 new shares and replacement options for 417,048 shares
- Acquireco issued 1,597,301 exchangeable shares to certain holders
Financial Impact
Full acquisition with no cash component; Dolly Varden shareholders now hold a pro-rata stake in Contango based on the 0.1652 exchange ratio
Risk Factors
- Loss of investment vehicle for investors who preferred DVS's specific asset profile
- Execution risk related to Contango's ability to integrate Dolly Varden's assets and deliver synergies
- Uncertainty around timing and approval of Contango's TSX listing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001062993-26-001692 |
| Document: form6k.htm | 0001062993-26-001692 |
| Document: 0001062993-26-001692-index-headers.html | 0001062993-26-001692 |
| Document: 0001062993-26-001692-index.html | 0001062993-26-001692 |
| Document: 0001062993-26-001692.txt | 0001062993-26-001692 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 10, 2026 28w ago | 15-12G | — | awaiting T+1 | — | — |
Mar 30, 2026 30w ago | 6-K | $2.74 $2.74 | · 0.00% | ▼ −0.75% | — |
Mar 27, 2026 30w ago | 25-NSE | $2.74 $2.74 | · 0.00% | ▲ +0.36% | — |
Mar 26, 2026 30w ago | 6-K | $2.74 $2.74 | · 0.00% | ▲ +1.68% | — |
US Market Status
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