Rise Gold Issues Stock Options
Rhea-AI Summary
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.
Positive
- Alignment of CEO's interests with shareholders through stock option grant
- No additional dilution as options were surrendered by another holder
Negative
- Potential future dilution if stock options are exercised
News Market Reaction
On the day this news was published, RYES gained 10.24%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Grass Valley, California--(Newsfile Corp. - September 20, 2024) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Corporation") announces that it has issued 1,006,750 stock options to the Corporation's President & CEO, Joseph Mullin through his personal company Mount Arvon Partners LLC. The stock options are excisable at a price of US
The grant of these options has been facilitated by the voluntary surrender of certain other issued options held by another option holder. Including the announced grant, there are currently 1,286,750 options outstanding under the Company's stock option plan
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 & CEO
Rise Gold Corp.
For further information, please contact:
RISE GOLD CORP.
345 Crown Point Circle, Suite 600
Grass Valley, CA, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224133
FAQ
How many stock options did Rise Gold Corp (RYES) issue to its CEO on September 20, 2024?
What is the exercise price of the stock options issued by Rise Gold Corp (RYES) on September 20, 2024?
When do the stock options issued by Rise Gold Corp (RYES) on September 20, 2024 expire?
How many total stock options are outstanding under Rise Gold Corp's (RYES) stock option plan after the September 20, 2024 grant?
