Northwire Canada EditionThursday, August 6, 2026
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ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2% ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2%
Financings

Dryden receives $59.1M in warrant exercises

By The Northwire Desk — AI Analysis Dec 30, 2025 · 10:18 DRY · 0.34 Dryden Gold Corp.
DRY · Price

Executive Summary

  • Dryden Gold Corp. announced the final exercise of warrants issued during its 2023 TSX Venture Exchange listing, resulting in significant gross proceeds and a reduction in share overhang.
  • The company now holds $9.75 million in cash, which management intends to use to significantly expand the 2026 exploration program, with drilling already underway at three properties.
  • Major shareholders EuroPac Gold Fund and Delbrook Capital exercised warrants, resulting in ownership stakes of 5.79% and 11.05% respectively, as of the date of the release.

Key Details

  • Warrant Exercise Volume: An aggregate of 19,708,569 warrants were exercised out of 38,489,148 total warrants issued in connection with the Dec. 28, 2023 listing (representing 51% of the original warrant pool).
  • Gross Proceeds: The exercises generated gross proceeds of $5,912,570.
  • Exercise Price: The warrants were exercisable at $0.30 per share.
  • Expiration: The 2023 warrants expired on Dec. 28, 2025.
  • Post-Exercise Share Count: The company has 213,134,590 common shares outstanding following the exercises.
  • Cash Position: The company currently has $9.75 million in cash on hand.
  • Major Shareholder Impact:
    • EuroPac Gold Fund now controls 5.79% of outstanding shares.
    • Delbrook Capital Advisors now controls 11.05% of outstanding shares.
  • Strategic Advisor: Bunt Capital Corp. acted as a strategic adviser to the company regarding the warrant exercise.
  • Operational Update: Drilling for the 2026 exploration program has already begun at the Gold Rock, Sherridon, and Hyndman properties. Initial results are expected in mid-January.

Notable Quotes

  • Trey Wasser, Chief Executive Officer: "We are pleased with the percentage of warrants exercised and wish to thank all our loyal shareholders who participated. With our enhanced treasury, we will be significantly expanding our 2026 exploration program. Drilling for the 2026 program has already begun at Gold Rock, Sherridon and Hyndman. We expect to have initial results beginning in mid-January, and, with the large warrant overhang removed, the shares should now trade based solely on our exploration results."
Read the original news release →

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