Business
Dryden Gold Closes Its Upsized Financing with Strategic Investments from Centerra Gold and Alamos Gold
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2026) - Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) ("Dryden Gold" or the "Company") is pleased to announce that it has closed (the "Closing") its previously announced (April 27, 2026) non-brokered equity financing (the "Upsized Financing") to include an aggregate of 22,716,146 common shares for aggregate proceeds of $9,595,045.60. The Upsized Financing is comprised of flow-through common shares (the "FT Shares") and charity...
About this update from Dryden Gold Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 15, 2026) - Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) ("Dryden Gold" or the "Company") is pleased to announce that it has closed (the "Closing") its previously announced (April 27, 2026) non-brokered equity financing (the "Upsized Financing") to include an aggregate of 22,716,146 common shares for aggregate proceeds of $9,595,045.60. The Upsized Financing is comprised of flow-through common shares (the "FT Shares") and charity flow-through common shares (the "CFT Shares"). 16,031,449 FT Shares were issued at $0.41 per FT Share for aggregate proceeds of $6,572,894.09, and 6,684,697 CFT Shares were issued at a price of $0.452 per CFT Share for aggregate proceeds of $3,022,151.51. 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"). A finders' fee of 6% cash, for a total of $291,028.46 under the Upsized Financing was paid to eligible arm's length persons with respect to certain subscriptions accepted by the Company. Interward Asset Management Ltd. acted as financial advisor to the Company regarding the Upsized Financing.","length":1426,"tagName":"p"},{"type":"text","content":"The Company is pleased to announce that in connection with the Upsized Financing, Centerra Gold Inc. ("Centerra") 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. Centerra purchased 2,305,000 common shares issued under the charity flow-through portion of the financing.","length":389,"tagName":"p"},{"type":"text","content":"The Company is also pleased to announce that Alamos Gold Inc. ("Alamos") purchased 2,410,000 common shares issued under the charity flow-through portion of the financing. Alamos now holds an aggregate of 25,413,326 common shares of the Company maintaining its 10.46% ownership of the outstanding shares of the Company.","length":328,"tagName":"p"},{"type":"text","content":"The gross proceeds of the Upsized Financing will be used t...