Rise Gold Corp (TSE:RISE) has released an update.
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Rise Gold Corp. is set to raise US$500,000 by issuing over 5 million units at US$0.095 each, which includes shares and warrants, aiming to bolster its general working capital. The company, known for its historic Idaho-Maryland Gold Mine, may pay finder’s fees and expects insider participation in the financing, which is to close in early April 2024. This move comes with compliance to U.S. and Canadian securities laws, sidestepping full valuation and minority shareholder approval due to the transactions’ size relative to market cap.
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