Dryden Gold Corp. Commences Trading on the OTCQB Marketplace in the United States
Dryden Gold Corp. Commences Trading on the
OTCQB Marketplace in the United States
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2024) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF)
("
Dryden Gold
" or the "
Company
") is pleased to announce that is has qualified for
trading on the OTCQB Marketplace (the "OTCQB") in the United States operated by the
OTC Markets
Group Inc
. The Company's common shares commenced trading today on the OTCQB under the symbol
'DRYGF'. The Company's shares have also been approved for DTC eligibility in the US. Dryden's
common shares will continue to trade on the TSX Venture Exchange under the symbol "DRY".
DTC
eligibility and method of clearing securities streamlines the process of trading, enabling the stock to be
traded over a much wider selection of brokerage firms throughout the OTC Capital Markets in the US by
coming into compliance with their requirements.
"We are excited to expand our listing and trading to the US markets. The US markets will provide
additional liquidity and let us reach a larger shareholder base. We will now focus additional marketing
efforts to US investors including conferences, road shows and analyst coverage," commented Trey
Wasser, Dryden Gold's CEO.
MARKET MAKING SERVICES
Further to its news release of April 22, 2024, the Company has engaged the services of Insight Capital
Partners Inc. ("
Insight
") of Toronto, Ontario and it's market making service provider,
ICP Securities Inc.
("
ICP
") (the "
Engagements
") effective April 19, 2024.
Pursuant to an agreement (the "
Consulting Agreement
") between the Company and Insight, Insight will
provide capital markets consulting services, including providing the Company with advice and
information regarding trading activity, for a term of 24 months, provided that after a period of four (4)
months either party may terminate the Consulting Agreement on 30 day's notice.
In addition, pursuant to an agreement (the "
Market Making Agreement
") between the Company and
ICP, the Company has engaged ICP to provide market making services.
As previously announced, ICP
will provide automated market making services, including use of its proprietary algorithm, ICP
Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and applicable
securities laws. The Market Making Agreement is for an initial term of four (4) months (the "
Initial Term
")
and shall be automatically renewed for subsequent one (1) month terms (each month called an
"
Additional Term
") unless either party provides at least thirty (30) days written notice prior to the end of
the Initial Term or an Additional Term, as applicable.
Pursuant to the Consulting Agreement the Company will pay Insight an aggregate monthly consulting fee
of $10,000 inclusive of $7,500, which Insight will pay to ICP in payment of ICP's monthly service fee for
acting as market maker pursuant to the Market Making Agreement.
As previously disclosed, there are no performance factors contained in the Consulting Agreement or the
Market Making Agreement and no stock options or other compensation are being granted in connection
with the Engagements.
Both Insight and ICP are at arm's length to the Company. Insight, ICP and their
respective clients may acquire an interest in the securities of the Company in the future.
ICP's market making activities will be primarily to correct temporary imbalances in the supply and
demand of the Company's shares. ICP will be responsible for the costs it incurred in buying and selling
the Company's shares, and no third party will be providing funds or securities for the market making
activities. The Company's engagement of ICP remains subject to the approval of the TSX Venture
Exchange.
Pursuant to its press release dated January 16, 2024, the Company has terminated its Market Maker
agreement with PIU Financial Corp. effective May 30, 2024.
ABOUT ICP SECURITIES INC.
ICP Securities Inc. (ICP) is a Toronto based CIRO dealer-member that specializes in automated market
making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™,
that enhances liquidity and quote health. Established in 2023, with a focus on market structure,
execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity
provision and execution services to a broad array of public issuers and institutional investors.
ABOUT DRYDEN GOLD CORP.
Dryden Gold Corp. is an exploration company focused on the discovery of high-grade gold
mineralization listed on the TSX Venture Exchange ("DRY"). 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 and consolidation, exploration success, and mergers &
acquisitions. Dryden Gold controls a 100% interest in a dominant strategic land position in the Dryden
District 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, enjoys First Nations support and proximity to an experienced mining workforce.
For more information go to our website
www.drydengold.com
.
CONTACT INFORMATION
Trey Wasser CEO
email :
phone : 940-368-8337
Ashley Robinson, Investor Relations
Email :
Phone : 604-764-7493
X :
@DrydenGold
Maura Kolb, M.Sc.. P. Geo., President
Email:
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
.
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: receipt of corporate and regulatory approvals, the engagement of ICP and Insight and proposed
market making activities; future development plans; general market conditions affecting junior
exploration companies listed on Canadian stock exchanges, future acquisitions; exploration programs;
and the business and operations of Dryden Gold. Forward-looking statements relate to information that
is based on assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or
stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur
or be achieved) 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 failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to
the outcome of regulatory approvals, legal proceedings; political and regulatory risks associated with
mining and exploration; risks related to the maintenance of stock exchange listings including receipt of
TSX Venture Exchange approval; risks related to environmental regulation and liability; the potential for
delays in exploration or development activities; 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; 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, properties 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 States
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/211107