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An announcement from Dryden Gold Corp ( (TSE:DRY) ) is now available.
Dryden Gold Corp. has received a notice from Centerra Gold Inc. regarding the exercise of a ‘top-up right’ related to recent share issuances. This move will result in the issuance of over one million common shares to Centerra, allowing it to maintain its 9.99% interest in Dryden Gold. The proceeds from this transaction will support exploration activities at Dryden Gold’s property in northwest Ontario. This development underscores Dryden Gold’s ongoing efforts to advance its exploration projects and strengthen its market position.
More about Dryden Gold Corp
Dryden Gold Corp. is an exploration company focused on discovering high-grade gold mineralization. It is listed on the TSX Venture Exchange and the OTCQB marketplace. The company has a strong management team and board with a track record of building shareholder value through property acquisition, exploration success, and mergers and acquisitions. Dryden Gold controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines and hosts high-grade gold mineralization along a significant geological zone.
YTD Price Performance: 21.43%
Average Trading Volume: 513,138
Technical Sentiment Signal: Strong Sell
For a thorough assessment of DRY stock, go to TipRanks’ Stock Analysis page.