Dryden Gold Corp. Announces the Closing Its of Previously Announced Upsized Equity Financing with Participation from Centerra Gold

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[{"type":"text","content":"NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATON INTO THE USA","length":78,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) (FSE: X7W) ("Dryden Gold" or the "Company is pleased to announce that it has closed (the "Closing") its previously announced (August 8, 2025) upsized non-brokered equity financing under the Listed Issuer Financing Exemption (the "Upsized LIFE Financing") for an aggregate share issuance of 31,721,667 common shares for aggregate proceeds of $7,820,120. The Upsized LIFE Financing was comprised of flow-through common shares (the "FT Shares"), charity flow-through common shares (the "CFT Shares") and hard dollar common shares (the "HD Shares"). 9,216,667 FT Shares were issued at $0.24 per FT Share for aggregate proceeds of up to $2,212,000. 13,180,000 CFT Shares were issued at a price of $0.284 per CFT Share for aggregate proceeds of $3,743,120. 9,325,000 HD Shares were issued at a price of $0.20 per HD Share for aggregate proceeds of $1,865,000. The FT Shares and the CFT Shares will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and "Ontario focused flow-through shares" as defined in the Taxation Act, 2007 (Ontario) ("Ontario Tax Act"). Finders' fees of 6% cash were paid to eligible arm's length persons with respect to certain subscriptions accepted by the Company. In connection with Closing the Company paid aggregate finder's fees of $51,300 to arm's length parties.","length":1593,"tagName":"p"},{"type":"text","content":"The Company is also pleased to announce that Centerra Gold Inc. ("Centerra"), has exercised their 'top-up right' to retain their 9.9% interest in the Company, as granted within the investor rights agreements dated December 17, 2024.","length":250,"tagName":"p"},{"type":"text","content":"An amount equal to the gross proceeds from the issuance of the FT Shares and the CFT Shares will be used to fund additional drilling and regional field work on the Company's Dryden Gold Property in northwestern Ontario which will qualify as eligible resource explo...

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