Rise Gold closes US$3M financing and renegotiates debt with Eridanus Capital

Rise Gold Corp.

Raised US$3M via 7.5M Units at US$0.40/Unit; each Unit = 1 share + 1/2 warrant (exercise US$0.60, exp. Feb 17, 2025).
Debt renegotiation: pays US$250k to reduce loan, issues 575k warrants at US$0.60, maturity extended to Sep 4, 2024, interest rate reduced to 15% for 12 months.
Directors purchased 917,936 Units for US$367,174; Michael Gentile subscribed 462,000 Units, now owns ~5.3% of outstanding shares.
Proceeds used for Idaho-Maryland Mine Project advancement, debt repayment, and working capital.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rise Gold Corp. amended a credit facility with Eridanus Capital, LLC valued at US$250,000 to Eridanus to reduce the outstanding loan (effective 2023-02-21).

Action: amendment
Agreement: credit facility
Counterparty: Eridanus Capital, LLC
Value: US$250,000 to Eridanus to reduce the outstanding loan
Effective: 2023-02-21

Exact text from the filing

On February 21, 2023, the Corporation announced that it has finalized a renegotiated debt agreement with Eridanus Capital LLC

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629 material agreements filed in the last 30 days. Browse all material agreements →

Rise Gold Corp. filing history →

Source: SEC EDGAR

accession 0001062993-23-004127

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