Welcome to our dedicated page for Rise Gold news (Ticker: RYES), a resource for investors and traders seeking the latest updates and insights on Rise Gold stock.
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.
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.
Rise Gold Corp. has granted over 1 million stock options to directors and an officer of the Company at a price of US$0.17 per share, expiring in 2029.
Rise Gold Corp. (CSE: RISE) has closed the second and final tranche of a non-brokered private placement, raising a total of US$954,253 through the sale of 10,044,765 units. The company previously closed the first tranche on April 9, 2024, raising US$545,902. Certain directors purchased 2,495,793 units, constituting a 'related party transaction.' Rise Gold plans to utilize the proceeds for general working capital, debt repayment, and settlement of related party fees.
FAQ
What is the current stock price of Rise Gold (RYES)?
What is the market cap of Rise Gold (RYES)?
Where is Rise Gold Corp. based?
What is the primary interest of Rise Gold Corp.?
When was Rise Gold Corp. founded?
What does Rise Gold Corp. focus on?
What is the total acreage of mineral rights owned by Rise Gold Corp.?
