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Dryden Gold Corp. Announces the Listing of Its Common Shares on the TSX Venture Exchange
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2024) - Dryden Gold Corp. (TSXV: DRY)&...
About this update from Dryden Gold Corp
[{"type":"text","content":"Dryden Gold Corp. Announces the Listing of Its Common Shares on the TSX Venture ExchangeVancouver, British Columbia--(Newsfile Corp. - January 2, 2024) - Dryden Gold Corp. (TSXV: DRY) (\"Dryden Gold\" or the \"Company\") is pleased to announce that, further to its news releases of October 31, November 30 and December 18, 2023, effective at the opening Friday, Dec. 29, 2023, the common shares of the Dryden Gold were listed under the symbol \"DRY\", CUSIP Number: 26245V101 (the \"Listing\") on the TSX Venture Exchange (\"TSXV\" or the \"Exchange\") and immediately halted pending receipt and review by the Exchange filing documentation regarding the listing pursuant to Exchange Policy 2.3.Effective December 28, 2023, the Company has now closed the amalgamation agreement (the \"Amalgamation Agreement\") with 1317223 B.C. LTD. (\"223\") pursuant to which the Company and 223 have amalgamated will continue as one corporation, that will carry on the business of Dryden Gold Corp. (the \"Amalgamation\"). Pursuant to the Amalgamation Agreement, the Company issued an aggregate of 7,135,213 common shares and 6,666,660 share purchase warrants (a \"Warrant\") to the former holders of the common shares of 223. Each Warrant is exercisable to acquire one common share for 24 months at a price of $0.30 per share.The Concurrent FinancingOn December 18, 2023, Dryden Gold announced the closing of a financing consisting of hard dollar subscription receipts for gross proceeds of $3,678,699.75 and an additional offering of charitable flow-through units for gross proceeds of $1,400,000.35 (collectively the “Financing”). With the closing of the Amalgamation and the Listing, the escrow requirements for the subscription receipts have now been fulfilled and the subscription receipts have automatically converted into the underlying common shares and warrants of the Company and the subscription proceeds have been released.Trey Wasser, CEO of Dryden Gold commented, \"We now start a new chapter for Dryden with the Listing and the closing of our Amalgamation. As a private company, Dryden Gold has attracted a premier list of shareholders including Rob McEwen, Eric Sprott, EuroPac Gold Fund and Alamos Gold (NYSE: AGI). We are excited to now list on the TSXV and gain exposure to the public markets. With our large strategic land package and a fu...