Rise Gold (TSE:RISE) has released an update.
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Rise Gold Corp. has completed a $500,000 debt financing deal with Myrmikan Gold Fund, LLC, securing funds for working capital with a 4-year term loan at 15% annual interest, accompanied by share purchase warrants. The transaction, involving a director with a vested interest, is exempt from certain minority shareholder approval requirements due to its value relative to the company’s market capitalization.
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