07:57:55 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Dryden Gold Corp
Symbol DRY
Shares Issued 82,845,041
Close 2024-02-05 C$ 0.215
Market Cap C$ 17,811,684
Recent Sedar Documents

Dryden Gold hires Matrix Agency for marketing

2024-02-06 13:16 ET - News Release

Mr. Trey Wasser reports

DRYDEN GOLD CORP. ENGAGES MATRIX AGENCY MARKETING LTD.

Dryden Gold Corp. has engaged Matrix Agency Marketing Ltd., a Vancouver-based, full-service marketing and consulting services company focused on the junior metals and mining sector. Matrix will provide a full suite of marketing services to the company.

Matrix will initially focus on the redesign of all digital and print communications, including the company's website and corporate presentation materials. It will assist in planning and budgeting for investor relations activities for management. Matrix will also communicate directly with existing shareholders, analysts and prospective investors. It will also assist the company in expanding its social media platforms.

Under the terms of the Matrix engagement agreement, the company has agreed to pay Matrix $60,000 over the 12-month initial term of the agreement. An initial prepayment of $15,000 has been paid on signing, following which $5,000 will be payable to Matrix monthly. No stock options or other securities of Dryden Gold are included in the compensation terms of the Matrix agreement. However, Matrix may be awarded stock options at some time in the future at the full discretion of the board of directors of Dryden Gold. Matrix and/or its affiliates currently hold zero securities of Dryden Gold. Matrix has also agreed to the company's insider trading policy and will observe the company's trading blackouts. Matrix is at arm's length to Dryden Gold and has no other relationship with Dryden Gold, except pursuant to the Matrix agreement. The Matrix agreement is subject to approval of the TSX Venture Exchange.

In addition, the company has also retained the services of Laura Stein of New York for shareholder and investor communications. Ms. Stein has been providing communications services to the mining industry for over 30 years. Ms. Stein will communicate directly with existing shareholders, analysts and prospective investors primarily through e-mail, social media and conference participation.

Under the terms of Ms. Stein's agreement, Ms. Stein will receive 250,000 options under the company's employee stock option plan (ESOP). The options are priced at 22 cents for a term of five years and will vest quarterly over 12 months. In addition, the company will pay a portion of Ms. Stein's expenses for travel, conference fees, office overhead and other third party costs in connection with her activities related to Dryden Gold. Ms. Stein and/or her affiliates currently hold zero securities of Dryden Gold. Ms. Stein is at arm's length to Dryden Gold and has no other relationship with Dryden Gold, except pursuant to the Stein agreement.

The Stein agreement is subject to approval of the TSX Venture Exchange and the provisions of the Dryden Gold stock option plan.

Trey Wasser, chief executive officer and director, commented: "As we grow Dryden Gold, the marketing function has become a key area we intend to focus on as it relates to communicating with existing shareholders and engaging with potential new investors. We are excited to work with Matrix and Ms. Stein."

About Dryden Gold Corp.

Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX Venture Exchange (DRY). The company has a strong management team and board of directors comprising experienced individuals with a record of building shareholder value through property acquisition and consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls a 100-per-cent 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 50 kilometres of potential strike length along the Manitou-Dinorwic deformation zone. The property has excellent infrastructure, enjoys first nations support and proximity to an experienced mining work force.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.