I'd like to use a DLL inside of my VB Project, but the dll won't be in the Windows System directory. Is this allowed? How would you do it?

for example given the link

Private Declare Function myFunction Lib "mydll.dll" Alias _
"myFunctionA" (args) As sometype

would i just put an absolute path for Lib as in
"c:\absolute\path\mydll.dll"?

Thanks