Rise Gold raises $7.0M in 28M‑unit private placement of shares, warrants
Rise Gold Corp. (RYES) closed a non-brokered private placement.
Rhea-AI Filing Summary
Rise Gold Corp. (RYES) closed a non-brokered private placement. The Company raised US$7,000,000 through the sale of 28,000,000 units at US$0.25 per unit. Each unit included one common share and one warrant to purchase a share at US$0.45 until October 24, 2028.
Rise Gold also paid finder’s fees of US$1,500 and issued 6,000 finder’s warrants exercisable at US$0.45 until October 24, 2028. The securities were issued in reliance on Rule 903 of Regulation S for offshore transactions and on Section 4(a)(2) and Rule 506(b) of Regulation D for U.S. offers to accredited investors.
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Insights
US$7.0M cash raised; warrants exercisable at US$0.45 to 2028.
Rise Gold completed a non-brokered private placement, selling 28,000,000 units at US$0.25 for gross proceeds of US$7,000,000. Each unit adds one share plus a warrant at an exercise price of US$0.45 expiring on October 24, 2028. The company also issued 6,000 finder’s warrants at the same exercise price and term, and paid a US$1,500 cash fee.
The transaction relied on Regulation S Rule 903 for offshore sales and on Section 4(a)(2)/Rule 506(b) for U.S. accredited investors, indicating a standard exempt offering structure without general solicitation. Actual capital inflows are the gross proceeds; any additional cash from warrant exercises would depend on holder decisions.
8-K Event Classification
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