Rise Gold Corp (TSE:RISE) has released an update.
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Rise Gold Corp. has successfully completed its second tranche of equity financing, raising a total of US$954,253 by selling over 10 million units. The funds will be channeled towards general working capital, settling debts, and related party fees, with a portion raised by company directors classified as a ‘related party transaction’ under regulatory guidelines. The newly issued securities will be subject to statutory hold periods as per US and Canadian law.
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