Dryden Gold Corp. [TSXV: DRY, OTCQB: DRYGF] (“Dryden Gold” or the “Company”) is pleased to announce that it has engaged MI3 Financial Communications (“MI3”), a Montreal, Quebec based full- service marketing and consulting services company focused on the junior metals and mining sector. MI3 will provide a full suite of investor relations and marketing services to the Company.
MI3 will initially focus on the design of a market awareness program for the Company. MI3 will also communicate directly with existing shareholders, analysts and prospective investors in monthly video conferences and personally at industry conferences. They will also assist the Company in expanding its social media platforms.
Under the terms of the MI3 engagement agreement (the “MI3 Agreement”), the Company has agreed to pay MI3 $60,000 over the 12-month initial term of the Agreement. An initial pre-payment of $5,000 has been paid on signing, following which of $5,000 will be payable to MI3 monthly. MI3 will receive 300,000 options under the Company’s Employee Stock Option Plan. The options are priced at $0.135 for a term of 5 years and will vest quarterly over 12 months. In addition, the Company will pay a portion of MI3’s expenses for travel, conference fees, office overhead and other third-party costs in connection with their activities related to Dryden Gold. MI3 may also be awarded stock options at some time in the future at the full discretion of the Board of Directors of Dryden Gold Corp. MI3 and or its affiliates currently hold zero securities of Dryden Gold Corp. and, have no present intention to acquire additional securities of the Company, but may in the future acquire or dispose of securities of the Company, as market conditions warrant. MI3 has agreed to the Company’s insider trading policy and will observe the Company’s trading blackouts. MI3 is at arm’s length to Dryden Gold Corp. and has no other relationship with Dryden Gold Corp., except pursuant to the MI3 Agreement. The MI3 Agreement and grant of stock options remain subject to approval of the TSX Venture Exchange.
Trey Wasser, CEO 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 MI3 and their staff.”
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