Northwire Canada EditionThursday, November 12, 2026
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Financings

Dryden Gold closes $1.84-million financing

By The Northwire Desk — AI Analysis Jan 30, 2026 · 17:57 DRY · 0.39 Dryden Gold Corp.
DRY · Price

Executive Summary

  • Dryden Gold Corp. has closed its previously announced upsized non-brokered equity financing.
  • The company issued 4.35 million charity flow-through (CFT) common shares at a price of $0.425 per share.
  • The transaction generated aggregate gross proceeds of $1,848,750, with no finders' fees paid.

Key Details

  • Transaction Structure: Upsized non-brokered equity financing consisting of charity flow-through (CFT) common shares.
  • Share Quantity: 4.35 million CFT common shares.
  • Price Per Share: $0.425 CAD.
  • Gross Proceeds: $1,848,750 CAD.
  • Use of Proceeds: Funds will be used to incur eligible resource exploration expenses, specifically:
    • Canadian exploration expenses (as defined in Subsection 66.1(6) of the Income Tax Act).
    • Flow-through mining expenditures (subject to Bill C-15, Budget 2025 Implementation Act, No.1 receiving Royal Assent).
    • Eligible Ontario exploration expenditures (for certain Ontario purchasers).
  • Tax Renunciation: All qualifying expenditures will be renounced in favor of subscribers for the CFT shares effective on or before December 31, 2026.
  • Regulatory Status: The issuance remains subject to final acceptance by the TSX Venture Exchange and compliance with applicable regulatory requirements, including National Instrument 45-106.
  • Fees: No finders' fees were paid in connection with the offering.

Notable Quotes

  • None provided in the text.
Read the original news release →

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