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The latest announcement is out from Dryden Gold Corp ( (TSE:DRY) ).
Dryden Gold Corp. has announced that just over half of the warrants issued at the time of its TSX Venture listing in late 2023 have been exercised, generating gross proceeds of approximately $5.9 million and bringing its cash position to $9.75 million with 213.1 million common shares outstanding. The completion of these warrant exercises, which included significant participation by major shareholders EuroPac Gold Fund and Delbrook Capital Advisors, strengthens the company’s balance sheet and removes a warrant overhang, positioning the stock to trade more directly on exploration results as Dryden ramps up its 2026 drilling program already underway at its Gold Rock, Sherridon and Hyndman projects in northwestern Ontario.
More about Dryden Gold Corp
Dryden Gold Corp. is a gold exploration company focused on discovering high-grade gold mineralization in the Dryden District of Northwestern Ontario. Listed on the TSX Venture Exchange, OTCQB and Frankfurt Exchange, the company controls a 100% interest in a dominant land position that includes historic gold mines but has seen limited modern exploration, with targets along 50 km of the Manitou-Dinorwic deformation zone and supported by strong local infrastructure and relationships with First Nations communities.
Average Trading Volume: 376,552
Technical Sentiment Signal: Strong Buy
See more data about DRY stock on TipRanks’ Stock Analysis page.