Rise Gold Closes $3,000,000 Financing including Strategic Investor Equinox Partners
Rise Gold Corp (OTCQB: RYES) has successfully closed a $3 million non-brokered private placement at $0.082 per unit. Each unit includes one common share and half a warrant exercisable at $0.15 within three years. Equinox Partners emerged as a strategic investor, contributing $1.5 million and now owning 19.8% of the company. The funding will support the company's efforts to reopen the historic Idaho-Maryland-Brunswick Mine, which historically produced 2.4 million ounces at 17 g/t from the 1860s to 1956.
Additionally, Rise Gold renegotiated its debt agreement with Eridanus Capital, extending the maturity date to September 2027 and reducing the interest rate to 15%. Company insiders participated in the placement, purchasing approximately $812,144 worth of units.
Rise Gold Corp (OTCQB: RYES) ha completato con successo un collocamento privato non mediato da broker da 3 milioni di dollari a 0,082 dollari per unità. Ogni unità comprende un'azione ordinaria e mezza warrant esercitabile a 0,15 dollari entro tre anni. Equinox Partners si è affermata come investitore strategico, contribuendo con 1,5 milioni di dollari e detenendo ora il 19,8% della società. Il finanziamento sosterrà gli sforzi dell'azienda per riaprire la storica miniera Idaho-Maryland-Brunswick, che ha prodotto storicamente 2,4 milioni di once a 17 g/t dal 1860 al 1956.
Inoltre, Rise Gold ha rinegoziato il proprio accordo di debito con Eridanus Capital, estendendo la scadenza a settembre 2027 e riducendo il tasso d'interesse al 15%. I dirigenti della società hanno partecipato al collocamento, acquistando unità per un valore di circa 812.144 dollari.
Rise Gold Corp (OTCQB: RYES) ha cerrado con éxito una colocación privada no intermediada de 3 millones de dólares a 0,082 dólares por unidad. Cada unidad incluye una acción común y medio warrant ejercitable a 0,15 dólares dentro de tres años. Equinox Partners se posicionó como inversor estratégico, aportando 1,5 millones de dólares y ahora posee el 19,8% de la compañía. La financiación apoyará los esfuerzos de la empresa para reabrir la histórica mina Idaho-Maryland-Brunswick, que produjo históricamente 2,4 millones de onzas a 17 g/t desde la década de 1860 hasta 1956.
Además, Rise Gold renegoció su acuerdo de deuda con Eridanus Capital, extendiendo la fecha de vencimiento hasta septiembre de 2027 y reduciendo la tasa de interés al 15%. Los directivos de la empresa participaron en la colocación, comprando unidades por un valor aproximado de 812,144 dólares.
Rise Gold Corp (OTCQB: RYES)는 단위당 0.082달러에 3백만 달러 규모의 중개인 없이 진행된 사모 유상증자를 성공적으로 마감했습니다. 각 단위는 보통주 1주와 3년 이내에 0.15달러에 행사할 수 있는 반 권리증서를 포함합니다. Equinox Partners는 전략적 투자자로서 150만 달러를 투자하여 현재 회사 지분의 19.8%를 보유하게 되었습니다. 이 자금은 1860년대부터 1956년까지 17g/t의 등급으로 240만 온스를 생산한 역사적인 Idaho-Maryland-Brunswick 광산 재개를 지원할 예정입니다.
또한 Rise Gold는 Eridanus Capital과의 부채 계약을 재협상하여 만기일을 2027년 9월로 연장하고 이자율을 15%로 낮췄습니다. 회사 내부자들도 약 812,144달러 상당의 단위를 매입하며 이번 유상증자에 참여했습니다.
Rise Gold Corp (OTCQB : RYES) a clôturé avec succès un placement privé sans intermédiaire de 3 millions de dollars au prix de 0,082 $ par unité. Chaque unité comprend une action ordinaire et un demi-warrant exerçable à 0,15 $ dans un délai de trois ans. Equinox Partners est devenu un investisseur stratégique, apportant 1,5 million de dollars et détenant désormais 19,8 % de la société. Ce financement soutiendra les efforts de la société pour rouvrir la mine historique Idaho-Maryland-Brunswick, qui a produit historiquement 2,4 millions d'onces à 17 g/t de 1860 à 1956.
Par ailleurs, Rise Gold a renégocié son accord de dette avec Eridanus Capital, prolongeant la date d'échéance jusqu'en septembre 2027 et réduisant le taux d'intérêt à 15 %. Des initiés de la société ont participé au placement en achetant pour environ 812 144 $ d'unités.
Rise Gold Corp (OTCQB: RYES) hat erfolgreich eine nicht vermittelte Privatplatzierung in Höhe von 3 Millionen US-Dollar zu einem Preis von 0,082 US-Dollar pro Einheit abgeschlossen. Jede Einheit umfasst eine Stammaktie und eine halbe Wandelanleihe, die innerhalb von drei Jahren zu 0,15 US-Dollar ausgeübt werden kann. Equinox Partners trat als strategischer Investor auf, investierte 1,5 Millionen US-Dollar und hält nun 19,8 % des Unternehmens. Die Finanzierung wird die Bemühungen des Unternehmens unterstützen, die historische Idaho-Maryland-Brunswick-Mine wieder zu eröffnen, die von den 1860er Jahren bis 1956 historisch 2,4 Millionen Unzen mit 17 g/t produziert hat.
Zusätzlich hat Rise Gold seine Schuldenvereinbarung mit Eridanus Capital neu verhandelt, die Fälligkeit bis September 2027 verlängert und den Zinssatz auf 15 % gesenkt. Unternehmensinterne haben sich an der Platzierung beteiligt und Einheiten im Wert von etwa 812.144 US-Dollar erworben.
- Strategic investment of $1.5M from Equinox Partners, gaining a significant 19.8% ownership
- Successful raise of $3M through private placement to support mine reopening efforts
- Improved debt terms with Eridanus Capital, including extended maturity to 2027 and reduced interest rate to 15%
- Strong insider participation with $812,144 investment showing management confidence
- Significant dilution through issuance of 36,585,361 new units
- High-interest rate of 15% on debt despite reduction
- Additional dilution potential through warrant exercise at $0.15
Grass Valley, California--(Newsfile Corp. - May 9, 2025) - - Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the "Company" or "Rise") is pleased to announce that it has closed the non-brokered private placement of units ("Units") announced in its April 23, 2025 news release (the "Financing").
The Company raised a total of US
The Company has paid finder's fees in accordance with CSE policies of US
Rise would like to thank each of the subscribers who participated in this private placement to support the Company's efforts to unlock the value of the historic Idaho-Maryland-Brunswick Mine (the "IM Mine"). The IM Mine produced 2.4 million ounces at a mill grade of 17 grams per tonne from the 1860s to 1956. Production peaked at 121,000 ounces in 1940 at 12.9 g/t before a workers' strike in 1941 and forced closure by the War Department in 1942. The owner of the IM Mine had been in the process of doubling production throughput when the government forced the mine to close to reallocate resources to the war effort.
The Company would like to thank especially Equinox Partners, which invested US
Joe Mullin, President and CEO, stated: "We are pleased to have Equinox make this investment in Rise Gold, initiating a strategic relationship that will contribute to the reopening of the Idaho-Maryland Mine."
The Company also announces that it has renegotiated its debt agreement with Eridanus Capital LLC ("Eridanus") previously announced in its September 3, 2019 news release. Eridanus is an affiliate of Myrmikan Capital, LLC, which operates in the gold and silver junior mining sector. Eridanus has agreed to extend the maturity date of the loan to September 4, 2027 and to reduce the interest rate to
Certain directors and officers of Rise Gold, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, purchased an aggregate of 9,904,196 Units for gross proceeds of US
All securities issued pursuant to the Financing are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Under Canadian securities laws the securities are subject to a hold period expiring on September 9, 2025. Rise Gold will use the proceeds from the Financing for general working capital, debt repayment, and settlement of related party fees.
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: 917.349.0060
jmullin@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. This information and these statements are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the anticipated use of the proceeds raised under the Financing and the reopening of the IM Mine.
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, the risk that the Company will not be able to utilize the proceeds of the Financing as anticipated, 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/251417
FAQ
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