Dryden Gold Corp. (TSXV: DRY) has upsized its previously announced non-brokered equity financing due to significant excess demand, reflecting robust investor confidence in the company’s high-grade gold exploration potential in northwestern Ontario. The upsized offering targets charity flow-through common shares at a premium price, positioning the junior explorer to accelerate its 2026 drilling and regional programs on a dominant land package in the Dryden District.
Dryden Gold Upsizes Financing to Capitalize on Exploration Momentum
Dryden Gold Corp., a junior exploration company focused on discovering high-grade gold mineralization in northwestern Ontario, has announced the upsizing of its non-brokered equity financing originally disclosed on January 8, 2026. The move comes in response to overwhelming investor interest, allowing the company to issue an additional 4,350,000 charity flow-through common shares (CFT Shares) at $0.425 per share.
This upsized component is expected to generate aggregate gross proceeds of $1,849,185 from the CFT Shares alone. The offering involves charity flow-through shares, which provide tax advantages to Canadian investors while enabling the company to allocate funds toward eligible exploration expenditures that qualify as Canadian exploration expenses and flow-through mining expenditures under applicable tax legislation.
The funds raised through this upsized offering will support the company’s aggressive exploration agenda in the Dryden District. Dryden Gold controls a 100% interest in a strategic, dominant land position spanning key areas, including historic gold occurrences and significant strike potential along the Manitou-Dinorwic deformation zone. This district-scale package has demonstrated high-grade intercepts in recent drilling, positioning the company to build on discoveries at targets like Gold Rock, Elora, and emerging regional prospects.
Investor appetite for the financing highlights the appeal of flow-through instruments in a market where gold prices remain supportive amid ongoing macroeconomic uncertainties. The premium pricing of the CFT Shares at $0.425 underscores the perceived value in Dryden Gold’s assets and management team’s track record in property consolidation, exploration success, and value creation.
No finders’ fees will be paid in connection with this specific upsized portion of the offering, further optimizing capital efficiency. The entire upsized offering remains subject to final approval from the TSX Venture Exchange and compliance with applicable securities regulations.
As Dryden Gold advances its exploration efforts, the additional capital will enable expanded drilling, re-logging of historic core, and regional fieldwork aimed at unlocking the full potential of its northwestern Ontario holdings. This latest financing step aligns with the company’s broader strategy to deliver district-scale discoveries in a proven gold camp.
Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial recommendations, or an endorsement of any security. Investors should conduct their own due diligence and consult qualified professionals before making any investment decisions.
