Rise Gold Corp. Completes Private Placement
Grass Valley, California–(Newsfile Corp. – April 29, 2024) – Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) has successfully completed the second and final tranche of the non-brokered private placement that was initially announced in April. The company raised a total of US$954,253 through the sale of 10,044,765 units. This successful completion indicates a strong investor interest in Rise Gold’s projects and potential.
Details of the Financing
The first closing of the Financing occurred on April 9, 2024, where the company raised US$545,902 by selling 5,746,341 units. Subsequently, in the second tranche, Rise Gold raised an additional US$408,350 by selling 4,298,424 units at a price of US$0.095 per Unit. This funding will be instrumental in supporting the company’s ongoing operations and advancements.
Involvement of Directors
Notably, certain directors of Rise Gold actively participated in the private placement, purchasing a significant aggregate amount of units. Their commitment to investing in the company’s future demonstrates their confidence in its potential for growth and success. Such involvement from key stakeholders can enhance investor trust and credibility.
Utilization of Proceeds
Rise Gold plans to allocate the proceeds from the private placement towards general working capital, debt repayment, and settlement of related party fees. This strategic distribution of funds will help the company strengthen its financial position and pursue its strategic objectives effectively.
About Rise Gold Corp.
Rise Gold Corp. is an exploration-stage mining company with a focus on the historic Idaho-Maryland Gold Mine in Nevada County, California. The company’s commitment to reviving this historical asset and exploring its potential for modern mining operations reflects its dedication to sustainable growth and development in the mining industry.
Forward-Looking Statements
Rise Gold acknowledges the presence of certain risks and uncertainties in its operations and business environment. However, the company remains optimistic about its future prospects and is committed to transparent communication with its stakeholders regarding potential challenges and opportunities. By staying proactive and adaptive, Rise Gold aims to navigate the dynamic mining landscape successfully.
