Dryden Gold Secures Full Ownership of Dryden Property, Alamos Becomes Largest Shareholder

Dryden Gold Corp ( (TSE:DRY) ) has shared an announcement.

Dryden Gold Corp. has completed its obligations under an Option Agreement with Alamos Gold Inc., securing a 100% interest in the Dryden Property in Northwest Ontario. This was achieved through a $2 million payment, comprising $1 million in cash and the issuance of 8,568,980 common shares to Alamos. As a result, Alamos becomes Dryden Gold’s largest shareholder, holding 14.44% of the company’s outstanding shares. This acquisition strengthens Dryden Gold’s position in the gold exploration industry, potentially enhancing its market presence and shareholder value.

More about Dryden Gold Corp

Dryden Gold Corp. is an exploration company focused on discovering high-grade gold mineralization. Listed on the TSX Venture Exchange and the OTCQB marketplace, the company boasts a strong management team with a history of building shareholder value. Dryden Gold holds a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines and potential for high-grade gold mineralization along the Manitou-Dinorwic deformation zone. The company benefits from excellent infrastructure, collaborative relationships with First Nations communities, and proximity to an experienced mining workforce.

YTD Price Performance: -17.86%

Average Trading Volume: 302,407

Technical Sentiment Consensus Rating: Strong Buy

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