Rise Gold Announces US$3,000,000 Financing

Rhea-AI Summary

Rise Gold Corp (OTCQB: RYES) has announced plans to raise US$3,000,000 through a private placement offering. The company will issue up to 36,585,365 units at US$0.082 per unit (approximately CDN$0.11). Each unit consists of one common stock share and one-half share purchase warrant.

The warrants will allow holders to purchase additional shares at US$0.15 (approximately CDN$0.21) for three years from issuance. The proceeds will be used for general working capital. The offering is expected to close in early May 2025, with securities subject to statutory hold periods under U.S. and Canadian securities laws.

Positive

• Successful completion would provide US$3M in working capital
• Three-year warrant term provides future funding potential at US$0.15 per share

Negative

• Significant dilution with 36.6M new units being issued
• Offering price of US$0.082 indicates relatively low valuation

Grass Valley, California--(Newsfile Corp. - April 23, 2025) - Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the "Company" or "Rise Gold") announces that it intends to raise up to US$3,000,000 through the issuance of up to 36,585,365 units (each a "Unit") at a price of US$0.082 per Unit (~CDN$0.11 per Unit), with each Unit comprising one share of common stock (a "Share") and one-half of one share purchase warrant (the "Private Placement"). Each whole warrant (a "Warrant") entitles the holder to acquire one Share at an exercise price of US$0.15 (~CDN$0.21) for a period of three (3) years from the date of issuance.

Rise Gold will use the proceeds from the Private Placement for general working capital. All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The Company anticipates a closing early May 2025.

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.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 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. Examples of such forward-looking statements include, but are not limited to, statements with regard to the completion of the Private Placement and the timing thereof, and the intended use of proceeds of the Private Placement.

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 for the Private Placement, the ability of the Company to complete the Private Placement on the timing anticipated, the ability of the Company to utilize the proceeds of the Private Placement as anticipated, 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/249590

FAQ

What is the size and price of Rise Gold's (RYES) April 2025 private placement?

Rise Gold's private placement aims to raise US$3,000,000 by issuing 36,585,365 units at US$0.082 per unit (CDN$0.11).

What are the warrant terms in Rise Gold's (RYES) 2025 financing?

Each warrant allows holders to purchase one share at US$0.15 (CDN$0.21) for three years from issuance date.

How will Rise Gold (RYES) use the proceeds from the 2025 private placement?

Rise Gold will use the proceeds from the private placement for general working capital purposes.

When is Rise Gold's (RYES) private placement expected to close?

The private placement is anticipated to close in early May 2025.