01:47:55 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Dryden Gold Corp
Symbol DRY
Shares Issued 82,845,041
Close 2024-02-22 C$ 0.16
Market Cap C$ 13,255,207
Recent Sedar Documents

Dryden to issue 208,074 shares for property payment

2024-02-22 13:58 ET - News Release

Mr. Trey Wasser reports

DRYDEN GOLD CORP. ISSUES SHARE PROPERTY PAYMENT

Subject to receipt of final TSX Venture Exchange approval, Dryden Gold Corp. will issue an aggregate of 208,074 common shares at a deemed price of 24.03 cents per share to Michael Tremblay and 2625286 Ontario Inc. to satisfy a Feb. 8, 2024, $50,000 property payment on its Dryden gold property located in Northwestern Ontario. The shares are being issued in accordance with Dryden Gold and the vendors' option agreement dated Feb. 8, 2022 (as amended), and are based on the first 30 days of trading in the company's stock on a volume-weighted basis. The proposed share issuance was previously disclosed in the company's TSX Venture Exchange Form 3D2 filing statement dated Dec. 27, 2023, a copy of which was filed under the company's profile on SEDAR+ on Dec. 27, 2023. Please refer to the filing statement for a detailed description of the Tremblay option agreement and the Dryden property. Final TSX-V approval of the share issuance is pending. All of the shares will be subject to a hold period of four months and one day from the date of issuance.

About Dryden Gold Corp.

Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX-V. The company has a strong management team and board of directors comprising experienced individuals with a record of building shareholder value through property acquisition and consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls a 100-per-cent interest in a dominant strategic land position in the Dryden district of Northwestern Ontario. Dryden Gold's property package includes historic gold mines but has seen limited modern exploration. The property hosts high-grade gold mineralization over 50 kilometres of potential strike length along the Manitou-Dinorwic deformation zone. The property has excellent infrastructure and enjoys first nation support and proximity to an experienced mining work force.

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