Dryden Gold Closes Its Upsized Financing with Strategic Investments from Centerra Gold and Alamos Gold

Dryden Gold closed its upsized non‑brokered equity financing, raising C$9.6 million through the issuance of 22.7 million flow‑through and charity flow‑through shares. Centerra Gold purchased 2.3 M CFT shares to maintain its 9.9% stake, while Alamos Gold acquired 2.4 M CFT shares, increasing its ownership to 10.46%. The proceeds will fund additional drilling and exploration on the 90 000‑hectare land package in northwestern Ontario.

The closing of a previously announced financing is expected and routine. The participation by Centerra and Alamos was already disclosed on April 27 and again on May 12 – the market had fully anticipated these strategic investments. No new conditions, higher prices, or unexpected investors were revealed. Consequently, the announcement does not alter the company’s fundamental outlook or introduce material new information beyond confirming the capital raise is complete.

Dryden Gold Corp. controls a 90,000‑hectare (now 80,339 ha per presentation) land position in the Dryden District of northwestern Ontario, an underexplored segment of the Manitou‑Dinorwic deformation zone. The flagship Gold Rock Camp hosts the Elora Gold System (Jubilee, Pearl, Laurentian zones) and the Big Master Gold System, with multiple high‑grade, near‑surface discoveries. Recent drilling has expanded the mineralized footprint to over 1 km strike, confirmed stacked structures analogous to Red Lake, and yielded intervals such as 301.67 g/t Au over 3.90 m and 252 g/t Au over 0.50 m. The company also has two regional targets: Hyndman (intrusion‑hosted, 12 km gold‑in‑till anomaly, drill‑ready) and Sherridon (broad bulk‑tonnage system, first‑pass drilled). Infrastructure is excellent – highways, rail, grid power.