Dryden Gold Raises $1.85 Million in Upsized Charity Flow-Through Financing

Dryden Gold Corp ( (TSE:DRY) ) has provided an update.

Dryden Gold Corp. has closed its previously announced upsized non-brokered charity flow-through equity financing, issuing 4.35 million charity flow-through common shares at $0.425 per share for gross proceeds of $1,848,750. The company will direct the full proceeds to qualifying Canadian and Ontario-focused exploration expenditures, which will be renounced to investors for tax purposes, strengthening Dryden Gold’s ability to fund ongoing exploration across its extensive high-grade gold land position in Northwestern Ontario, subject to final TSX Venture Exchange approval and regulatory compliance.

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 Stock Exchange, the company controls a 100% interest in a large strategic land package hosting historic gold mines and 50 km of prospective strike along the Manitou-Dinorwic deformation zone, supported by strong local infrastructure, First Nations partnerships and an experienced management team with a track record in exploration and M&A.

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Technical Sentiment Signal: Buy

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