- Rise Gold Corp (OTCQB: RYES) plans to raise US$3,000,000 through a private placement.
- The offering includes 36,585,365 units at US$0.082 per unit, each consisting of one common share and half a share purchase warrant.
- Proceeds will be used for general working capital and the placement is expected to close by early May 2025.
Rise Gold Corp (OTCQB: RYES) has announced a private placement aimed at raising US$3,000,000 by issuing up to 36,585,365 units. Each unit is priced at US$0.082 (approximately CDN$0.11) and consists of one common share and one-half of a share purchase warrant.
Holders of the warrants can acquire additional shares at an exercise price of US$0.15 (approximately CDN$0.21) for a period of three years following the warrant's issuance. The company plans to use the proceeds from the private placement for general working capital needs.
The offering is expected to close in early May 2025, subject to statutory hold periods under both U.S. and Canadian securities laws. The securities offered have not been registered under the United States Securities Act of 1933, and they may not be offered or sold without either registration or compliance with an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Rise Gold Corp, based in Nevada, USA, is an exploration-stage mining company whose primary asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California.
