Dryden Gold Corp. Announces Upsizing of Previously Announced Equity Financing with Participation from Centerra Gold

Core Viewpoint - Dryden Gold Corp. is increasing its previously announced non-brokered equity financing due to excess demand, aiming to raise up to $7,820,120 through the issuance of common shares [1][3]. Financing Details - The Upsized LIFE Financing will consist of up to 31,721,667 common shares, including: - Up to 9,216,667 flow-through common shares (FT Shares) at $0.24 each, raising up to $2,212,000 - Up to 13,180,000 charity flow-through common shares (CFT Shares) at $0.284 each, raising up to $3,743,120 - Up to 9,325,000 hard dollar common shares (HD Shares) at $0.20 each, raising up to $1,865,000 [1][3]. Use of Proceeds - Proceeds from the financing will be allocated as follows: - Funding additional drilling on the Dryden Gold Property in northwestern Ontario - Working capital and general administrative expenses from HD Shares - Eligible resource exploration expenses from FT Shares and CFT Shares, qualifying as Canadian exploration expenses and flow-through mining expenditures [3][4]. Centerra Gold Participation - Centerra Gold Inc. will exercise its 'top-up right' to maintain a 9.9% interest in Dryden Gold, as per the investor rights agreements dated December 17, 2024 [2]. Closing and Regulatory Approvals - The Upsized LIFE Financing is expected to close on or before August 14, 2025, subject to regulatory approvals, including from the TSX Venture Exchange [4][5]. Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, with a strong management team and a history of building shareholder value [7].