Rise Gold Closes Amended Debt Agreement
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.
Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) ha finalizzato un accordo di debito modificato con Eridanus Capital. I punti chiave includono:
1. Emissione di 1.700.000 warrant per l'acquisto di azioni, con 340.000 destinate a Daniel Oliver, Jr., membro di Eridanus e direttore dell'azienda.
2. Scadenza del prestito prorogata di un anno fino al 4 settembre 2025.
3. Tasso d'interesse ridotto al 15% per 12 mesi a partire dal 4 settembre 2024.
4. I warrant consentono ai titolari di acquisire un'azione a 0,115 dollari USA per quattro anni dalla data di emissione.
5. La transazione è esente da alcuni requisiti normativi a causa delle dimensioni rispetto alla capitalizzazione di mercato di Rise Gold.
Le securities sono soggette a periodi di blocco statutari e non sono state registrate ai sensi della U.S. Securities Act.
Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) ha finalizado un acuerdo de deuda modificado con Eridanus Capital. Los puntos clave incluyen:
1. Emisión de 1,700,000 opciones de compra de acciones, con 340,000 dirigidas a Daniel Oliver, Jr., un miembro de Eridanus y director de la empresa.
2. La fecha de vencimiento del préstamo se ha extendido un año hasta el 4 de septiembre de 2025.
3. La tasa de interés se ha reducido al 15% durante 12 meses a partir del 4 de septiembre de 2024.
4. Las opciones permiten a los tenedores adquirir una acción a 0.115 USD durante cuatro años desde su emisión.
5. La transacción está exenta de ciertos requisitos regulatorios debido a su tamaño en relación con la capitalización de mercado de Rise Gold.
Los valores están sujetos a períodos de retención estatutarios y no han sido registrados bajo la U.S. Securities Act.
Rise Gold Corp. (CSE: RISE) (OTCQX: RYES)가 Eridanus Capital과 수정된 채무 계약을 최종 확정했습니다. 주요 사항은 다음과 같습니다:
1. 1,700,000주 매수 워런트 발행, 이중 340,000주는 Eridanus의 일원이며 회사 이사인 Daniel Oliver, Jr.에게 배정됨.
2. 대출 만기가 1년 연장되어 2025년 9월 4일로 변경됨.
3. 이자율이 2024년 9월 4일부터 12개월 동안 15%로 인하됨.
4. 워런트는 보유자가 발행일로부터 4년 동안 주식을 0.115달러에 인수할 수 있도록 허용함.
5. 이번 거래는 Rise Gold의 시장 자본금에 비해 규모가 작기 때문에 특정 규제 요구 사항에서 면제됨.
증권은 법정 보유 기간의 적용을 받으며, 미국 증권법에 따라 등록되지 않았음.
Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) a finalisé un accord de dette modifié avec Eridanus Capital. Les points clés comprennent :
1. Émission de 1.700.000 bons de souscription d'actions, dont 340.000 destinés à Daniel Oliver, Jr., membre d'Eridanus et directeur de l'entreprise.
2. Échéance du prêt prolongée d'un an jusqu'au 4 septembre 2025.
3. Taux d'intérêt réduit à 15 % pour 12 mois à partir du 4 septembre 2024.
4. Les bons permettent aux détenteurs d'acquérir une action à 0,115 USD pendant quatre ans à compter de leur émission.
5. La transaction est exonérée de certaines exigences réglementaires en raison de sa taille par rapport à la capitalisation boursière de Rise Gold.
Les titres sont soumis à des périodes de blocage statutaires et n'ont pas été enregistrés en vertu de la U.S. Securities Act.
Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) hat eine geänderte Schuldenvereinbarung mit Eridanus Capital finalisiert. Die wichtigsten Punkte sind:
1. Ausgabe von 1.700.000 Kaufwarrants für Aktien, wobei 340.000 an Daniel Oliver, Jr., ein Mitglied von Eridanus und Unternehmensdirektor, gerichtet sind.
2. Fälligkeit des Darlehens um ein Jahr bis zum 4. September 2025 verlängert.
3. Zinssatz auf 15% für 12 Monate ab dem 4. September 2024 gesenkt.
4. Warrants ermöglichen es den Inhabern, innerhalb von vier Jahren ab der Ausgabe eine Aktie zu einem Preis von 0,115 USD zu erwerben.
5. Die Transaktion ist aufgrund ihrer Größe im Verhältnis zur Marktkapitalisierung von Rise Gold von bestimmten regulatorischen Anforderungen befreit.
Die Wertpapiere unterliegen gesetzlichen Haltefristen und wurden nicht gemäß dem US-Wertpapiergesetz registriert.
- Loan maturity extended by one year, providing more time for repayment
- Interest rate reduced to 15% for 12 months, potentially lowering debt servicing costs
- Issuance of warrants at US$0.115 per share, potentially bringing in additional capital if exercised
- Dilution of existing shareholders due to issuance of 1,700,000 new warrants
- Related party transaction with company director, raising potential conflict of interest concerns
Grass Valley, California--(Newsfile Corp. - September 10, 2024) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Company") announces that it has finalized the amended debt agreement with Eridanus Capital LLC ("Eridanus") as previously announced in its August 30, 2024 news release. The Company has agreed to issue 1,700,000 share purchase warrants ("Warrants") to Eridanus, 340,000 of which Eridanus has directed be issued to Daniel Oliver, Jr., a member of Eridanus, and a director of the Company. The maturity date of the loan has been extended by one year to September 4, 2025, and the interest rate has been reduced to
To the extent that the participation of Mr. Oliver in the transaction may constitute a "related party transaction" under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the Company is relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related party's participation is not more than
The securities offered have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
About Rise Gold Corp.
Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company's principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.
On behalf of the Board of Directors:
Joseph Mullin
President and CEO
Rise Gold Corp.
For further information, please contact:
RISE GOLD CORP.
345 Crown Point Circle, Suite 600
Grass Valley, California, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com
The CSE has not reviewed, approved or disapproved the contents of this news release.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur.
Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222971
FAQ
What are the key terms of Rise Gold Corp's (RYES) amended debt agreement with Eridanus Capital?
How many warrants did Rise Gold Corp (RYES) issue in the amended debt agreement?
What is the exercise price and duration of the warrants issued by Rise Gold Corp (RYES)?
Is there a related party transaction involved in Rise Gold Corp's (RYES) amended debt agreement?
