Dryden Gold Corp. Issues Share Property Payment
Dryden Gold Corp. Issues Share Property
Payment
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2024) -
Dryden Gold Corp. (TSXV:
DRY)
("
Dryden Gold
" or the "
Company
") is pleased to announce that, subject to receipt of final TSX
Venture Exchange ("TSXV") approval,
it will issue an aggregate of 208,074 common shares (the
"Shares") (the "Share Issuance") at a deemed price $0.2403 per share to Michael Tremblay and
2625286 Ontario Inc (collectively the "Vendors") to satisfy a February 8, 2024, $50,000 property
payment on its Dryden Gold Property located in Northwest Ontario (the "Dryden Property") . The Shares
are being issued in accordance with Dryden Gold and the Vendors option agreement dated February 8,
2022 (as amended) (the "Tremblay Option Agreement") and are based on the first thirty days of trading
in the Company's stock on a volume weighted basis (the "30-day VWAP"). The proposed Share
Issuance was previously disclosed in the Company's TSXV Form 3D2 Filing Statement dated
December 27, 2023, (the "Filing Statement") a copy of which was filed under the Company's profile at
www.sedarplus.ca on December 27, 2023. Please refer to the Filing Statement for a detailed
description of the Tremblay Option Agreement and the Dryden Property. Final TSXV approval of the
Share Issuance is pending.
All of the Shares will be subject to a hold period of four months and one day
from the date of issuance.
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
Maura Kolb, M.Sc.. P. Geo., President
Email:
Phone: 807-632-2368
Ashley Robinson, Investor Relations
Email:
Phone: 604-764-7493
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 proposed Share Issuance; 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/198888