Dryden Gold Provides an Update on Warrant Exercise Including EuroPac Gold Fund and Delbrook Capital Advisors
Dryden Gold Provides an Update on Warrant
Exercise Including EuroPac Gold Fund and
Delbrook Capital Advisors
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) -
Dryden Gold Corp. (TSXV:
DRY) (OTCQB: DRYGF) (FSE: X7W)
("
Dryden Gold
" or the "
Company
") is pleased to report that to
date, 14,681,130 of the 38,489,148 warrants issued in connection with the Company's listing on the TSX
Venture Exchange effective December 28, 2023 have been exercised for gross proceeds of
$4,404,339. The 2023 warrants are exercisable at $.30 and expire on December 28, 2025 (the
"
Warrants
"). With the Warrant exercises to date, the Company has 207,960,506 common shares
outstanding (the "
Shares
").
EUROPAC GOLD FUND AND DELBROOK CAPITAL ADVISORS
Included in the Warrant exercises to date are the EuroPac Gold Fund, who previously held 5,050,000
common Shares of the Company has exercised 7,300,000 Warrants resulting in them having control and
direction over an aggregate of 12,350,000 Shares or 5.94% of the Shares current outstanding Shares
as at the date hereof. In addition, Delbrook Capital Advisors, who manage funds controlling 16,723,935
Shares, has exercised 6,829,270 Warrants resulting in those funds having control and direction over an
aggregate of 23,553,205 or 11.33% of the Shares current outstanding, as at the date hereof. The Board
of Directors of the Company has approved Delbrook Capital Advisors becoming an insider of the
Company, as that term is defined under applicable securities laws.
Bunt Capital Corp. acted as a strategic advisor to the Company regarding the Warrant exercise.
Trey Wasser, CEO, commented on the Warrants, "We are pleased to see the continued support from
two of our largest shareholders. With a current treasury of $8,800,000 we will be significantly expanding
our 2026 exploration program. With the Warrants expiring December 28 it is possible that additional
Warrants may be exercised which would further enhance our treasury. Again, I would like to thank our
entire team and our loyal shareholders for a very successful year."
EARLY WARNING REPORT BY DELBROOK CAPITAL ADVISORS INC.
An early warning report in respect of acquisition of Shares by Delbrook Capital Advisors will be filed on
Form 62-103F3 in accordance with applicable securities laws and will be available on Dryden's
SEDAR+ profile at
www.sedarplus.ca
.
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") and on the OTCQB marketplace ("DRYGF")
and ("X7W") on the Frankfurt Exchange. 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 and 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 collaborative
relationships with First Nations communities and benefits from 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:
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: the acquisition of the Property, receipt of corporate and regulatory approvals, issuance of common
shares; future development plans; 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 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; 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.
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