Dryden Gold Plans $7.5 Million Flow-Through Financing to Expand Ontario Drill Programs

An update from Dryden Gold Corp ( (TSE:DRY) ) is now available.

Dryden Gold Corp. has announced a proposed non-brokered equity financing of up to C$7.5 million through the issuance of flow-through and charity flow-through shares, subject to TSX Venture Exchange and regulatory approvals. The company may pay finders’ fees on certain subscriptions, and all securities issued will be subject to a four-month-plus-one-day hold period.

Proceeds from the financing will be used to expand drilling at the Hyndman and Gold Rock projects, including deeper and along-strike testing, and to fund a broader summer field program across its district-scale land package. Planned work includes detailed geological mapping, prospecting, tighter-spaced till sampling and a gold-in-till program on newly acquired ground, which could accelerate exploration progress and potentially enhance the company’s resource discovery prospects in the Dryden gold district.

More about Dryden Gold Corp

Dryden Gold Corp. is a Vancouver-based mineral exploration company focused on discovering high-grade gold deposits in the Dryden District of Northwestern Ontario. Listed on the TSX Venture Exchange, OTCQX and Frankfurt, it holds a 100% interest in a large, historic gold property along the Manitou-Dinorwic deformation zone, supported by strong infrastructure and an experienced management team with a track record in exploration and M&A.

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Technical Sentiment Signal: Strong Buy

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