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RISE GOLD CORP - RYES STOCK NEWS

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Rise Gold Corp. operates as a mineral exploration company with a primary interest in the Idaho-Maryland Gold Mine property located in Northern California. Founded in 2007 and based in Vancouver, Canada, the company holds approximately 93 acres of surface land and 2,800 acres of mineral rights. Formerly known as Rise Resources Inc., Rise Gold Corp. focuses on exploration and development activities in the Grass Valley mining district.

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Rise Gold Corp (OTCQX: RYES) has contracted to sell 66 acres of industrial land adjacent to its Idaho-Maryland Mine Property for $4.3 million. The sale involves two agreements: 16 acres for $1.8 million (closed Nov 27) and 50 acres for $2.5 million (closing May 2025). Both agreements include 5% annual interest payments on remaining balances. The company retains a repurchase option if mining approvals are obtained. Sale proceeds will fund debt repayment and legal claims against Nevada County regarding mining rights. The company maintains ownership of 53 acres around New Brunswick shaft, 56-acre Centennial property, and 2,585 acres of mineral rights.

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Rise Gold Corp (CSE: RISE) (OTCQX: RYES) has announced key changes in its leadership team. Mihai Draguleasa, a CPA with over 15 years of accounting experience including work at Deloitte LLP and Ernst & Young, has been appointed as Chief Financial Officer, replacing Vince Boon. Catherine Cox, with over 20 years of experience as Corporate Secretary in the resource sector and former VP-Corporate Secretary at Nevada Copper Corp, has been appointed as Corporate Secretary, replacing Eileen Au.

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Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) announced the successful passing of all proposed resolutions at its annual general meeting. Shareholders approved the election of Joseph E. Mullin III, Thomas I. Vehrs, Lawrence W. Lepard, Daniel Oliver Jr., and Clynton R. Nauman as directors. Davidson & Company LLP was re-appointed as auditors. Additionally, shareholders approved the continuation of the company's stock option plan and endorsed, on a non-binding advisory basis, both the executive compensation disclosure and annual stockholder advisory votes on executive compensation.

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Rise Gold Corp. announced changes to its Board of Directors with the resignation of three directors: John Proust, Murray Flanigan, and Benjamin Mossman, effective October 30, 2024. Mossman will continue to serve the company in an advisory capacity.

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Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) has granted 1,006,750 stock options to a director of the These options are part of the Company's Stock Option Plan and come with specific terms:

- Exercise price: US$0.11 (C$0.155) per share
- Expiration date: October 21, 2029

This grant of stock options is a form of equity compensation, often used to align the interests of directors with those of shareholders and provide incentives for long-term performance.

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Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) has finalized a US$500,000 secured loan agreement with Myrmikan Gold Fund, The loan has a 4-year term with a 15% annual interest rate, payable along with the principal upon maturity. As part of the agreement, the lender will receive 2,882,514 share purchase warrants, each allowing the acquisition of one company share at US$0.1735 within four years of issuance.

The loan, secured against the company's and its subsidiary's assets, will be used for working capital. Daniel Oliver Jr., a company director and managing member of the lender, disclosed his interest and abstained from voting on the loan approval. The transaction is exempt from certain formal valuation and minority shareholder approval requirements under MI 61-101.

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Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) has secured a US$500,000 loan from Myrmikan Gold Fund, The loan has a 4-year term with a 15% annual interest rate. As part of the agreement, the lender will receive 2,882,514 share purchase warrants, each allowing the acquisition of one company share at US$0.1735 for four years. The loan, secured against company assets, will be used for working capital.

Daniel Oliver Jr., a company director and managing member of the lender, disclosed his interest and abstained from voting. The transaction is subject to regulatory acceptance and relies on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101.

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Rise Gold Corp (CSE: RISE) (OTCQX: RYES) has issued 1,006,750 stock options to its President & CEO, Joseph Mullin, through his personal company Mount Arvon Partners The options are exercisable at US$0.10 (C$0.14) per share and will expire on September 20, 2029. This grant was made possible by the voluntary surrender of certain options by another option holder. Following this issuance, the total number of outstanding options under the Company's stock option plan stands at 1,286,750.

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Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) has finalized an amended debt agreement with Eridanus Capital Key points include:

1. Issuance of 1,700,000 share purchase warrants, with 340,000 directed to Daniel Oliver, Jr., a member of Eridanus and a company director.
2. Loan maturity extended by one year to September 4, 2025.
3. Interest rate reduced to 15% for 12 months starting September 4, 2024.
4. Warrants allow holders to acquire one share at US$0.115 for four years from issuance.
5. The transaction is exempt from certain regulatory requirements due to its size relative to Rise Gold's market capitalization.

The securities are subject to statutory hold periods and have not been registered under the U.S. Securities Act.

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Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) has extended its debt agreement with Eridanus Capital , pushing the maturity date to September 4, 2025. The company will reduce the interest rate to 15% for 12 months after closing. In exchange, Rise Gold will issue 1,700,000 share purchase warrants to Eridanus, with 340,000 directed to Daniel Oliver Jr., a company director and manager of Myrmikan Capital, Each warrant allows the purchase of one share at US$0.115 within four years of issuance. The transaction, expected to close around September 10, 2024, is subject to regulatory approval and relies on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101.

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FAQ

What is the current stock price of RISE GOLD (RYES)?

The current stock price of RISE GOLD (RYES) is $0.06 as of December 23, 2024.

What is the market cap of RISE GOLD (RYES)?

The market cap of RISE GOLD (RYES) is approximately 4.5M.

Where is Rise Gold Corp. based?

Rise Gold Corp. is based in Vancouver, Canada.

What is the primary interest of Rise Gold Corp.?

Rise Gold Corp. primarily holds interest in the Idaho-Maryland Gold Mine property located in Northern California.

When was Rise Gold Corp. founded?

Rise Gold Corp. was founded in 2007.

What does Rise Gold Corp. focus on?

Rise Gold Corp. focuses on exploration and development activities in the Grass Valley mining district.

What is the total acreage of mineral rights owned by Rise Gold Corp.?

Rise Gold Corp. holds approximately 93 acres of surface land and 2,800 acres of mineral rights.

RISE GOLD CORP

OTC:RYES

RYES Rankings

RYES Stock Data

4.46M
23.89M
35.46%
Gold
Basic Materials
Link
United States of America
Vancouver