Dryden Gold Corp. Announces the Closing of Its Previously Announced Upsized Equity Financing

Core Viewpoint - Dryden Gold Corp. has successfully closed an upsized non-brokered equity financing, raising a total of $1,848,750 through the issuance of 4,350,000 charity flow-through common shares at a price of $0.425 per share [1][2]. Financing Details - The Upsized Offering consists of 4,350,000 charity flow-through common shares priced at $0.425 each, resulting in gross proceeds of $1,848,750 [1]. - The shares qualify as "flow-through shares" under Canadian tax legislation, allowing for certain tax benefits for investors [2]. Use of Proceeds - The gross proceeds from the issuance of the CFT Shares will be allocated to eligible resource exploration expenses, which may qualify as Canadian exploration expenses and flow-through mining expenditures, contingent on legislative approval [3]. Company Overview - Dryden Gold Corp. is focused on gold exploration in the Dryden District of Northwestern Ontario, controlling a 100% interest in a strategic land position that includes historic gold mines [5]. - The company has a strong management team with a proven track record in property acquisition, exploration success, and mergers and acquisitions [5]. - The property has high-grade gold mineralization over a potential strike length of 50 kilometers along the Manitou-Dinorwic deformation zone, with good infrastructure and relationships with First Nations communities [5].