other material
confidence high
sentiment neutral
materiality 0.60
Rise Gold enters credit facility with up to $1M advances, 12% interest, warrants
Rise Gold Corp.
- Monthly advances up to $1M, 12% compounding interest, due in 4 years; no prepayment penalty.
- Issued 1,000,000 bonus warrants at $0.16/share for 4 years to lender.
- Additional 200,000 warrants per $100k advanced at market price, 4-year term.
- Lender is an arm's length party that also provides services to the company.
- Securities are unregistered and subject to statutory hold periods under U.S. and Canadian law.