Dryden Gold Corp. Announces Grant of Stock Options and Marketing Agreements

Rhea-AI Summary

Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) has announced the grant of 2,900,000 incentive stock options to company insiders at $0.12 per share, valid for 10 years. The options will vest 20% initially and 20% every six months over two years for management, while independent directors' options vest quarterly over one year.

The company has engaged two marketing firms: Bunt Capital for $15,000 monthly over 6 months, and Concept Capital Management for $50,000 for 6 months. Each firm receives 200,000 stock options exercisable at $0.12 for 5 years, vesting quarterly over one year.

Dryden Gold controls a 100% interest in strategic land position in the Dryden District of Northwestern Ontario, including historic gold mines along the Manitou-Dinorwic deformation zone with 50km of potential strike length.

Positive

• Strategic 100% ownership of historic gold mines in Northwestern Ontario
• 50km of potential strike length along Manitou-Dinorwic deformation zone
• Strong infrastructure and collaborative First Nations relationships

Negative

• Significant stock option dilution with 3.3M new options granted
• High marketing expenses totaling $140,000 over 6 months

Vancouver, British Columbia--(Newsfile Corp. - March 7, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") announces that it has granted an aggregate of 2,900,000 incentive stock options under the Company's stock option plan to management, board of directors, employees, strategic advisors and consultants of the Company. The options are exercisable at a price of $0.12 per share for a period of 10 years from the date of grant. The options will vest 20% on the date of grant and 20% every six months thereafter for a total period of two years for management and will vest quarterly over one year for the independent directors.

Bunt Capital

The Company is pleased to announce that, subject to TSX Venture Exchange approval, it has engaged Bunt Capital Corporation ("Bunt"), a full- service marketing and consulting services company focused on the junior metals and mining sector. Bunt will communicate directly with existing shareholders, analysts and prospective investors. Under the terms of the Bunt engagement agreement (the "Bunt Agreement"), the Company has agreed to pay Bunt $15,000 per month over the 6-month initial term of the Bunt Agreement. A total of 200,000 stock options of shares of Dryden Gold Corp. are included in the terms of the Bunt Agreement. The options will be exercisable for 5 years at a price of $.12 and will vest quarterly over one year. Bunt may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. Bunt has also agreed to the Company's insider trading policy and will observe the Company's trading blackouts. Bunt and its affiliates are at arm's length to Dryden Gold Corp. and has no other relationship with Dryden Gold Corp., except pursuant to the Bunt Agreement. The Bunt Agreement is subject to the approval of the TSX Venture Exchange.

Concept Capital

The Company has also retained Concept Capital Management LTD to develop an extensive European marketing strategy for the Company. Concept will provide the Company with a source of knowledge of the structure and form of the investment community in Europe providing advice on developing a strategic marketing plan specifically tailored for the investment community in Europe and sourcing and selecting service providers to give effect to the strategic marketing plan. Under the terms of the engagement agreement (the "Concept Agreement"), the Company has agreed to pay $50,000 for a 6-month initial term. A total of 200,000 stock options of shares of Dryden Gold Corp. are included in the terms of the Concept Agreement. The options will be exercisable for 5 years at a price of $.12 and will vest quarterly over one year.

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"). 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.

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.

For more information go to our website www.drydengold.com.

CONTACT INFORMATION

Trey Wasser, CEO Email: twasser@drydengold.com Phone: 940-368-8337 Ashley Robinson, Investor Relations Email: ir@drydengold.com X: @DrydenGold

Maura Kolb, M.Sc. P. Geo., President Email: mjkolb@drydengold.com Phone: 807-632-2368

 

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 including receipt of TSX Venture Exchange approval for the acquisition of the Property; 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243674

FAQ

How many stock options did Dryden Gold Corp (DRYGF) grant and at what price?

Dryden Gold granted 2,900,000 incentive stock options at $0.12 per share, exercisable for 10 years.

What are the terms of Dryden Gold's (DRYGF) marketing agreement with Bunt Capital?

Bunt Capital will receive $15,000 monthly for 6 months plus 200,000 stock options at $0.12, exercisable for 5 years.

What is the value of Dryden Gold's (DRYGF) agreement with Concept Capital?

Concept Capital will receive $50,000 for a 6-month term plus 200,000 stock options at $0.12, exercisable for 5 years.

What mining assets does Dryden Gold (DRYGF) control in Northwestern Ontario?

Dryden Gold controls 100% interest in land containing historic gold mines along the Manitou-Dinorwic deformation zone with 50km of potential strike length.