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Dryden Gold Corp. Commences Trading on the OTCQB Marketplace in the United States

May 31, 2024

Dryden Gold Corp. has qualified for trading on the OTCQB Marketplace (the "OTCQB") in the United States operated by the OTC Markets Group Inc. The Company's common shares commenced trading today on the OTCQB under the symbol 'DRYGF'. The Company's shares have also been approved for DTC eligibility in the US. Dryden's common shares will continue to trade on the TSX Venture Exchange under the symbol "DRY". DTC eligibility and method of clearing securities streamlines the process of trading, enabling the stock to be traded over a much wider selection of brokerage firms throughout the OTC Capital Markets in the US by coming into compliance with their requirements.

"We are excited to expand our listing and trading to the US markets. The US markets will provide additional liquidity and let us reach a larger shareholder base. We will now focus additional marketing efforts to US investors including conferences, road shows and analyst coverage," commented Trey Wasser, Dryden Gold's CEO. 


Further to its news release of April 22, 2024, the Company has engaged the services of Insight Capital Partners Inc. ("Insight") of Toronto, Ontario and it's market making service provider, ICP Securities Inc. ("ICP") (the "Engagements") effective April 19, 2024.

Pursuant to an agreement (the "Consulting Agreement") between the Company and Insight, Insight will provide capital markets consulting services, including providing the Company with advice and information regarding trading activity, for a term of 24 months, provided that after a period of four (4) months either party may terminate the Consulting Agreement on 30 day's notice.

In addition, pursuant to an agreement (the "Market Making Agreement") between the Company and ICP, the Company has engaged ICP to provide market making services. As previously announced, ICP will provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and applicable securities laws. The Market Making Agreement is for an initial term of four (4) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable.

Pursuant to the Consulting Agreement the Company will pay Insight an aggregate monthly consulting fee of $10,000 inclusive of $7,500, which Insight will pay to ICP in payment of ICP's monthly service fee for acting as market maker pursuant to the Market Making Agreement.

As previously disclosed, there are no performance factors contained in the Consulting Agreement or the Market Making Agreement and no stock options or other compensation are being granted in connection with the Engagements. Both Insight and ICP are at arm's length to the Company. Insight, ICP and their respective clients may acquire an interest in the securities of the Company in the future. 

ICP's market making activities will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurred in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities. The Company's engagement of ICP remains subject to the approval of the TSX Venture Exchange.

Pursuant to its press release dated January 16, 2024, the Company has terminated its Market Maker agreement with PIU Financial Corp. effective May 30, 2024.


ICP Securities Inc. (ICP) is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.


Dryden Gold Corp. 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 comprised of experienced individuals with a track record of building shareholder value through property acquisition and consolidation, exploration success, and mergers & 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 First Nations support and proximity to an experienced mining workforce.

Tags: Northern Ontario / Deals & Financial / Gold / All Articles