Business
Dryden Gold Reports Notice of Top-Up Right from Centerra Gold & Highlights 2026 Exploration Plans
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2026) - 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"), to retain its 9.99% interest in the Company, Centerra has issued to the Company notice of their intention to exercise their 'top-up right', subject to the approval of the...
About this update from Dryden Gold Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 8, 2026) - 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"), to retain its 9.99% interest in the Company, Centerra has issued to the Company notice of their intention to exercise their 'top-up right', subject to the approval of the TSX Venture Exchange, as it relates to certain share issuances completed by the Company through December 31, 2025. The share issuances were related to warrant and option exercises in 2025 (see press release dated December 30, 2025).","length":778,"tagName":"p"},{"type":"text","content":"A copy of the Centerra IRA is available on the Company's SEDAR+ profile.","length":76,"tagName":"p"},{"type":"text","content":"The Company also announces a non-brokered private placement (the "Offering") through the issuance of 2,350,000 charity flow-through common shares (the "CFT Shares") at a price of $0.425 per CFT Share for aggregate gross proceeds of $998,985. 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"). No finders' fees were paid in connection with the Offering.","length":615,"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 the Tax Act), (ii) as "flow-through mining expenditures" (as defined in subsection 127(9) of the Tax Act); and as "eligible Ontario exploration expenditures" within the meaning 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":611,"tagName":"p"},{"type":"text","content":"Trey Wasser, CEO of Dryden Gold commented, "The proceeds from ...