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Dryden Gold Corp. Announces Grant of Stock Options and Marketing Agreements
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2025) - Dryden Gold Corp. (TSXV: DRY) (O...
About this update from Dryden Gold Corp
[{"type":"text","content":"Dryden Gold Corp. Announces Grant of Stock Options and Marketing AgreementsVancouver, British Columbia--(Newsfile Corp. - March 7, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) (\"Dryden Gold\" or the \"Company\") announces that it has granted an aggregate of 2,900,000 incentive stock options under the Company's stock option plan to management, board of directors, employees, strategic advisors and consultants of the Company. The options are exercisable at a price of $0.12 per share for a period of 10 years from the date of grant. The options will vest 20% on the date of grant and 20% every six months thereafter for a total period of two years for management and will vest quarterly over one year for the independent directors. Bunt CapitalThe Company is pleased to announce that, subject to TSX Venture Exchange approval, it has engaged Bunt Capital Corporation (\"Bunt\"), a full- service marketing and consulting services company focused on the junior metals and mining sector. Bunt will communicate directly with existing shareholders, analysts and prospective investors. Under the terms of the Bunt engagement agreement (the \"Bunt Agreement\"), the Company has agreed to pay Bunt $15,000 per month over the 6-month initial term of the Bunt Agreement. A total of 200,000 stock options of shares of Dryden Gold Corp. are included in the terms of the Bunt Agreement. The options will be exercisable for 5 years at a price of $.12 and will vest quarterly over one year. Bunt may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. Bunt has also agreed to the Company's insider trading policy and will observe the Company's trading blackouts. Bunt and its affiliates are at arm's length to Dryden Gold Corp. and has no other relationship with Dryden Gold Corp., except pursuant to the Bunt Agreement. The Bunt Agreement is subject to the approval of the TSX Venture Exchange.Concept CapitalThe Company has also retained Concept Capital Management LTD to develop an extensive European marketing strategy for the Company. Concept will provide the Company with a source of knowledge of the structure and form of the investment community in Europe providing advice on developing a strategic marketing plan specifically tailored for the investment communi...