Business
Dryden Gold Corp. Announces the Closing of Its Previously Announced Upsized Equity Financing
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - 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 (January 8, 2026, January 9, 2026) upsized non-brokered equity financing (the "Upsized Offering"). The Upsized Offering was comprised of 4,350,000 charity flow-through common shares (the "CFT Shares") at a price of $0.425 per CFT Share for aggregate gross...
About this update from Dryden Gold Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - 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 (January 8, 2026, January 9, 2026) upsized non-brokered equity financing (the "Upsized Offering"). The Upsized Offering was comprised of 4,350,000 charity flow-through common shares (the "CFT Shares") at a price of $0.425 per CFT Share for aggregate gross proceeds of $1,848,750.","length":561,"tagName":"p"},{"type":"text","content":"The CFT Shares will qualify as "flow-through shares", as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and "Ontario focused flow-through shares", as defined in subsection 103(7) of the Taxation Act, 2007 (Ontario) ("Ontario Tax Act"). No finders' fees were paid in connection with the Upsized Offering.","length":376,"tagName":"p"},{"type":"text","content":"An amount equal to the gross proceeds from the issuance of the CFT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) "Canadian exploration expenses", as defined in subsection 66.1(6) of the Tax Act, (ii) provided Bill C-15, Budget 2025 Implementation Act, No. 1 receives Royal Assent, as "flow-through mining expenditures" as defined in subsection 127(9) of the Tax Act, and (iii) for certain Ontario purchasers, as "eligible Ontario exploration expenditures", as defined in subsection 103(4) of the Ontario Tax Act ("Qualifying Expenditures"). All Qualifying Expenditures will be renounced in favor of the subscribers for the CFT Shares effective on or before December 31, 2026.","length":763,"tagName":"p"},{"type":"text","content":"The issuance of the shares under the offering remains subject to the final acceptance by the TSX Venture Exchange (the "TSXV") and compliance with applicable regulatory requirements including requirements under National Instrument 45-106 - Prospectus Exemptions ("NI 45-106").","length":296,"tagName":"p"},{"type":"text","content":"ABOUT DRYDEN GOLD CORP. ","length":23,"tagName":"p"},{"type":"text","content":"Dryden Gold Corp. is an exploration company focused on the discovery of...