Dryden Gold Upsizes Charity Flow-Through Financing to Raise $1.85 Million for Exploration

The latest update is out from Dryden Gold Corp ( (TSE:DRY) ).

Dryden Gold Corp. has upsized its previously announced non-brokered equity financing and will now issue 4,350,000 charity flow-through common shares at $0.425 per share, for gross proceeds of approximately $1.85 million, subject to TSX Venture Exchange approval. The funds will be directed entirely toward eligible Canadian and Ontario-focused exploration expenditures, which the company will renounce to investors for tax purposes, providing Dryden Gold with additional capital to advance its exploration program in Northwestern Ontario without paying finder’s fees and potentially strengthening its position in the junior gold exploration sector.

More about Dryden Gold Corp

Dryden Gold Corp. is a Vancouver-based mineral exploration company focused on discovering high-grade gold deposits. Listed on the TSX Venture Exchange, OTCQB and Frankfurt Stock Exchange, it controls a 100% interest in a dominant land package in the Dryden District of Northwestern Ontario, encompassing historic gold mines along 50 km of the Manitou-Dinorwic deformation zone. The assets benefit from strong local infrastructure, access to an experienced mining workforce and collaborative relationships with nearby First Nations communities, supported by a management team with experience in exploration, property consolidation and M&A.

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Technical Sentiment Signal: Buy

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