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Dryden Gold Receives Notice of Top-Up Right from Centerra Gold
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Dryden Gold Corp. (TSXV: DRY) (...
About this update from Dryden Gold Corp
[{"type":"text","content":"Dryden Gold Receives Notice of Top-Up Right from Centerra GoldVancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) (\"Dryden Gold\" or the \"Company\") announces that, further to the investor rights agreement dated December 17, 2024, (the \"Centerra IRA\") between the Company and Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) (\"Centerra\"), Centerra has issued to the Company notice of their intention to exercise their 'top-up right' as it relates to certain share issuances completed by the Company through March 31, 2025. The share issuances were related to warrant exercises, certain option payments and the Company's final property payment to Alamos Gold Inc (NYSE: AGI) (see press release dated March 18, 2025).An aggregate of 1,087,295 common shares will be issued to Centerra at a price of $0.1350 per share for aggregate consideration of $146,784.83 in accordance with the Centerra IRA, subject to the approval of the TSX Venture Exchange, to retain its 9.99% interest in the Company. A copy of the Centerra IRA is available on the Company's SEDAR+ profileThe proceeds from the Offering will be used to advance exploration at Dryden Gold's 70,000-hectare property in northwest Ontario and for general corporate purposes. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.ABOUT DRYDEN GOLD CORP.Dryden Gold Corp. is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX Venture Exchange (\"DRY\") and on the OTCQB marketplace (\"DRYGF\"). The Company has a strong management team and Board of D...