Dryden Gold Corp. Announces the Listing of its Common Shares on the TSX Venture Exchange
Dryden Gold Corp. Announces the Listing of its Common Shares on the TSX
Venture Exchange
Not for distribution to United States news wire services or for dissemination in the United States.
Vancouver, British Columbia — January 2, 2024 — Dryden Gold Corp. [TSXV: DRY] (“Dryden Gold” or
the “Company”) is pleased to announce that, further to its news releases of October 31, November 30
and December 18, 2023, effective at the opening Friday, Dec. 29, 2023, the common shares of the Dryden
Gold were listed under the symbol “DRY”, CUSIP Number: 26245V101 (the “Listing”) on the TSX Venture
Exchange (“TSXV or the “Exchange”) and immediately halted pending receipt and review by the Exchange
filing documentation regarding the listing pursuant to Exchange Policy 2.3.
Effective December 28, 2023, the Company has now closed the amalgamation agreement (the
“Amalgamation Agreement”) with 1317223 B.C. LTD. (“ 223”) pursuant to which the Company and 223
have amalgamated will continue as one corporation, that will carry on the business of Dryden Gold Corp.
(the “Amalgamation”). Pursuant to the Amalgamation Agreement, the Company issued an aggregate of
7,135,213 common shares and 6,66 6,660 share purchase warrants (a “Warrant”) to the former holders
of the common shares of 223. Each Warrant is exercisable to acquire one common share for 24 months
at a price of $0.30 per share.
The Concurrent Financing
On December 18, 2023, Dryden Gold announced the closing of a financing consisting of hard dollar
subscription receipts for gross proceeds of $3,678,699.75 and an addition al offering of charitable flow-
through units for gross proceeds of $1,400,000.35 (collectively the “Financing”). With the closing of the
Amalgamation and the Listing, the escrow requirements for the subscription receipts ha ve now been
fulfilled and the subscription receipts have automatically converted into the underlying common shares
and warrants of the Company and the subscription proceeds have been released.
Trey Wasser, CEO of Dryden Gold commented “We now start a new chapter for Dryden with the Listing
and the closing of our Amalgamation. As a private company, Dryden Gold has attracted a premier list
of shareholders including Rob McEwen, Eric Sprott, EuroPac Gold Fund and Alamos Gold (NYSE:AGI). We
are excited to now list on the TSXV and gain exposure to the public markets. With our large strategic
land package and a fully funded exploration program Dryden Gold will provide all its shareholders with
a new Canadian high-grade gold exploration story in 2024”.
In connection with the Company’s Listing, the Company has filed a TSX Venture Exchange Form 3D2 Filing
Statement, dated December 27, 2023 providing prospectus level disclosure regarding Dryden, and its
flagship Dryden Gold Properties, comprising over 48,000 hectares located in Dryden, Ontario, a copy of
which can be found under the Company’s profile (formerly 1317223 B.C. L td.’s profile) at
www.sedarplus.ca. The Company has also prepared and filed a technical report in respect of the Dryden
Gold Properties titled “NI 43-101 Technical Report Dryden Gold Project” and dated effective September
6, 2023, prepared for the Company by Calvin Church, P.Geo, a copy of which can also be found under the
Company’s profile at www.sedarplus.ca.
In connection with the Amalgamation Listing Dryden Gold has issued a treasury direction to its transfer
agent, Odyssey Trust Company (“Odyssey”) for the issuance of 82,845,041 new Dryden Gold shares (the
“New Shares”), which will replace previously issued private company shares (the “Old Shares”). The New
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Shares will be sent to the Company’s shareholders, or their agent or broker directly in the coming weeks,
and no action is required to be taken by and shareholder to have their Old Shares exchanged for New
Shares.
Trading Halt
The TSXV has requested a trading halt pending receipt of additional documentation which includes, but is
not limited to, confirmation from Odyssey that (i) they have been appointed agent and registrar, (ii)
confirmation from Odyssey that all issued security certificates for New Shares comply with Exchange
requirements and other standard Exchange filing requirements in connection with a new Listing . The
Company will provide a further update with respect to the resumption of trading in due course.
Qualified Person
The technical disclosure in this news release has been reviewed and approved by Maura J. Kolb, M.Sc.,
P.Geo., President of Dryden Gold and a Qualified Person as defined by National Instrument 43-101 of the
Canadian Securities Administrators.
About Dryden Gold
Dryden Gold Corp. is a privately held exploration company focused on the discovery of high -grade gold
mineralization. The Company has a strong management team and Board of Directors comprised of
experienced individuals with a track record of building shareholder value through property acquisition &
consolidation, exploration success and merger & acquisitions. Th rough option contracts, staking and
property purchases, the Company has consolidated rights to a 100% interest in a dominate strategic land
position in the Dryden Camp in the greenstone belt in the Canadian Shield of Northwestern Ontario .
Dryden Gold’s property package includes historic gold mines but has seen limited modern exploration .
The property hosts high-grade gold mineralization over 50km of potential strike length along the Manitou-
Dinorwic deformation zone . The property has excellent infrastructure with the Tr ans-Canada Highway
running through the center of the property as well as Ontario Grid Power, rail, gas and proximity to the
City of Dryden with its rich mining heritage. For more information go to our website
www.drydengold.com.
Contact Information:
Dryden Gold Corp.
Trey Wasser, CEO
Phone: 940-368-8337
Maura Kolb, President
Phone: 807-632-2368
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Further details of the Amalgamation, the Listing and the business plan will be included in subsequent news
releases and disclosure documents to be filed by Dryden Gold Corp.
Cautionary Note Regarding Forward-Looking Statements
The information contained herein contains “forward -looking statements” within the meaning of applicable
securities legislation. Forward-looking statements include, but are not limited to, statements with respect to:
the terms and conditions of the Amalgamation ; the terms and conditions of the Financing; use of proceeds
from the Financing ; future development plans; and the business and operations of Dryden Gold . Forward-
looking statements relate to information that is based on assumptions of management, forecasts of future
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results, and estimates of amounts not yet determinable. Any statements that express predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not
statements of historical fact and may be “forward -looking statements.” Forward -looking statements are
subject to a variety of risks and uncertainties which could cause actual events or results to differ from those
reflected in the forward -looking statements, including, without limitation: risks related to f ailure to obtain
adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal
proceedings; political and regulatory risks associated with mining and exploration; risks related to the
maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential
for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and
continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and
the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the
possibility that future exploration, development or mining results will not be consistent with the Company’s
expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the
Company’s prospects, properti es and business detailed elsewhere in Dryden Gold ’s and the Company’s
disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those described in forward -looking
statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These
forward-looking statements are made as of the date hereof and Dryden Gold and the Company do not assume
any obligation to update or revise them to reflect new events or circumstances. Actual events or results could
differ materially from Dryden Gold’s and the Company’s expectations or projections.
UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold
outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities
Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a
U.S. Person (as such term is defined in Regulation S under the United Stat es Securities Act) unless the
securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of
the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless
in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United
States in which such offer, solicitation or sale would be unlawful.