07:19 AM EDT, 07/17/2025 (MT Newswires) -- Dryden Gold ( DRYGF ) on Thursday said it will raise up to $7 million through a non-brokered equity financing under the Listed Issuer Financing Exemption.

The offering is comprised of flow-through common shares, charity flow-through shares and hard dollar shares. Proceeds of the financing will be used to expand the company's current drill program to 30,000 meters and for general corporate purposes.

Up to 14.3 million FT shares will be offered at $0.24 apiece for proceeds of $2 million. Up to 12.5 million CFT shares will be offered at $0.284 each for $3.6 million, and up to 7.5 million HD shares will be offered at $0.20 each for $1.5 million.

Dryden Gold ( DRYGF ) shares closed down 4.7% to $0.205 on Wednesday on the TSX Venture Exchange.