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Dryden Gold Corp ( (TSE:DRY) ) just unveiled an update.
Dryden Gold Corp. announced an increase in their previously announced non-brokered equity financing due to excess demand, with participation from Centerra Gold Inc. The financing aims to raise up to $7.82 million through the issuance of flow-through, charity flow-through, and hard dollar common shares. The proceeds will fund additional drilling on the Dryden Gold Property in northwestern Ontario and cover general corporate expenses. This move strengthens Dryden Gold’s financial position and supports its exploration activities, potentially enhancing its market position and stakeholder value.
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 traded on the OTCQB. The company has a strong management team with a history of building shareholder value through property acquisition, exploration success, and mergers and acquisitions. Dryden Gold holds a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario.
Average Trading Volume: 311,634
Technical Sentiment Signal: Buy
For a thorough assessment of DRY stock, go to TipRanks’ Stock Analysis page.