RYES Form 4: Equinox-led group acquires 5.6M shares, new warrants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rise Gold (RYES): An insider group led by Equinox Partners Investment Management LLC and Sean M. Fieler reported open‑market purchases on 10/24/2025. Across affiliated vehicles, they acquired 5,600,000 shares at $0.25 per Unit, with each Unit consisting of one common share and one warrant.
The newly issued warrants are exercisable at $0.45 and expire on 10/24/2028. Post‑transaction, the filing lists updated beneficial holdings for each account, and also shows existing warrants with a $0.15 exercise price expiring on 05/08/2028. The warrants include a 19.99% Beneficial Ownership Limitation, which can be terminated by the holder with at least 61 days’ prior notice. The reporting persons disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,200,000 shares ($1,400,000)
Net Buy
12 txns
Insider
Equinox Partners Investment Management LLC, EQUINOX PARTNERS LP, MASON HILL PARTNERS LP, Equinox Partners Precious Metals Fund, L.P.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
11,200,000 shs ($1.40M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants (right to buy) | 2,208,037 | $0.00 | -- |
| Purchase | Warrants (right to buy) | 2,800,000 | $0.00 | -- |
| Purchase | Warrants (right to buy) | 217,691 | $0.00 | -- |
| Purchase | Warrants (right to buy) | 374,272 | $0.00 | -- |
| Purchase | Common Stock, par value $0.001 per share | 2,208,037 | $0.25 | $552K |
| Purchase | Common Stock, par value $0.001 per share | 2,800,000 | $0.25 | $700K |
| Purchase | Common Stock, par value $0.001 per share | 217,691 | $0.25 | $54K |
| Purchase | Common Stock, par value $0.001 per share | 374,272 | $0.25 | $94K |
| holding | Warrants (right to buy) | -- | -- | -- |
| holding | Warrants (right to buy) | -- | -- | -- |
| holding | Warrants (right to buy) | -- | -- | -- |
| holding | Warrants (right to buy) | -- | -- | -- |
Holdings After Transaction:
Warrants (right to buy) — 2,208,037 shares (Indirect, By Equinox Partners, L.P.);
Common Stock, par value $0.001 per share — 9,336,921 shares (Indirect, By Equinox Partners, L.P.)
Footnotes (1)
- Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own. EPIM is the investment advisor to Equinox Partners, L.P., Equinox Partners Precious Metals Master Fund, LP, and Mason Hill Partners, LP (collectively, the "Funds"). Mr. Fieler is the president of EPIM. By virtue of these relationships, each of EPIM and Mr. Fieler may be deemed to beneficially own the securities owned directly by the Funds. The Reporting Persons acquired units ("Units") from the Issuer consisting of one share of common stock and one common share purchase warrant for a price of $0.25 per Unit. The common share purchase warrants held by the Reporting Persons (the "Warrants") are subject to a beneficial ownership limitation set forth in the Warrant Certificate governing the Warrants such that the Warrants are exercisable for Common Shares by a holder only to the extent the holder, together with its affiliates and any other person acting as a group with the holder, would not beneficially own more than 19.99% of the outstanding Common Shares after giving effect to such exercise, as such percentage ownership is determined in accordance with the Warrant Certificate (the "Beneficial Ownership Limitation"), except that upon at least 61 days' prior notice from the holder to the issuer, the holder may terminate the Beneficial Ownership Limitation. The Reporting Persons disclaim beneficial ownership of any Common Shares into which the Warrants would be exercisable but for the application of the Beneficial Ownership Limitation.
FAQ
What did RYES insiders report buying?
Affiliated entities acquired 5,600,000 shares at $0.25 per Unit, with each Unit including one share and one warrant.
What are the terms of the new warrants?
The warrants have a $0.45 exercise price and expire on 10/24/2028.
When did the RYES insider transactions occur?
The transactions took place on 10/24/2025.
Who are the reporting persons in this Form 4 for RYES?
They include EPIM, Sean M. Fieler, Equinox Partners, L.P., Equinox Partners Precious Metals Master Fund, LP, and Mason Hill Partners, LP.
Is there a cap on warrant exercises?
Yes. A 19.99% Beneficial Ownership Limitation applies, terminable with at least 61 days’ prior notice.
What other warrants are listed?
The filing also lists existing warrants with a $0.15 exercise price expiring on 05/08/2028.
How are beneficial holdings treated?
The reporting persons disclaim beneficial ownership beyond their pecuniary interest.