Rise Gold Closes $3,000,000 Financing including Strategic Investor Equinox Partners
Summary
Eridanus has agreed to extend the maturity date of the loan to September 4, 2027 and to reduce the interest rate to 15% for the duration of the debt facility.Certain directors and officers of Rise Gold, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, purchased an aggregate of 9,904,196 Units for gross proceeds of US$812,144. A material change report, as contemplated by the related party transaction requirements under MI 61-101, was not filed more than 21 days prior to closing as the extent of related party participation in the Private Placement was not known until shortly prior to the closing.All securities issued pursuant to the Financing are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The Companys principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.On behalf of the Board of Directors:For further information, please contact:The CSE has not reviewed, approved or disapproved the contents of this news release.This press release contains certain forward-looking statements within the meaning of applicable securities laws. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the risk that the Company will not be able to utilize the proceeds of the Financing as anticipated, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Rise undertakes no obligation to update forward-looking statements or information except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251417