Rise Gold Corp (TSE:RISE) has released an update.
Rise Gold Corp. has successfully expanded its non-brokered private placement financing from $500,000 to $750,000 and completed the first tranche by raising $545,902. The company issued units comprising shares and half warrants, with the latter exercisable for three years, also involving transactions from an insider. Proceeds are aimed for general capital, debt repayment, and related party fees, with securities issued under a statutory hold period until August 2024.
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