Dryden Gold Announces Final Warrant Exercises

Core Viewpoint - Dryden Gold Corp. has successfully exercised 19,708,569 of its 2023 Warrants, raising gross proceeds of $5,912,570, which will enhance its treasury for future exploration activities [1][3]. Group 1: Warrant Exercise Details - A total of 19,708,569 out of 38,489,148 (51%) of the 2023 Warrants were exercised, generating gross proceeds of $5,912,570 [1]. - The 2023 Warrants were exercisable at $0.30 and expired on December 28, 2025 [1]. - Major shareholders EuroPac Gold Fund and Delbrook Capital Advisors participated in the warrant exercises, gaining control over 5.79% and 11.05% of the outstanding shares, respectively [2]. Group 2: Financial Position and Future Plans - Following the warrant exercises, the company has 213,134,590 common shares outstanding and $9,750,000 in cash on hand [1]. - The company plans to significantly expand its exploration program for 2026, with drilling already commenced at Gold Rock, Sherridon, and Hyndman, expecting initial results by mid-January [3]. Group 3: Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and is listed on the TSX Venture Exchange, OTCQB, and Frankfurt Exchange [4]. - The company holds a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines with limited modern exploration [4]. - The property features high-grade gold mineralization over a potential strike length of 50 km along the Manitou-Dinorwic deformation zone and benefits from strong infrastructure and relationships with First Nations communities [4].