Dryden gold corp. issues share property payment

Vancouver, british columbia--(newsfile corp. - february 7, 2024) - dryden gold corp. (tsxv: dry) ("dryden gold" or the "company") is pleased to announce that, subject to receipt of final tsx venture exchange ("tsxv") approval, it will issue an aggregate of 4,056,795 common shares (the "shares") (the "share issuance") at a deemed price $0.2465 per share to alamos gold inc. (nyse: agi) ("alamos") to satisfy a december 31, 2023, $1,000,000 property payment on its dryden gold property located in northwest ontario (the "dryden property"). the shares are being issued in accordance with dryden gold and manitou gold inc's (manitou gold inc. acquired and wholly owned by alamos) option agreement dated april 20, 2022, as amended, (the "dryden option agreement") and are based on the first twenty days of trading in the company's stock on a volume weighted basis (the "20-day vwap").
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