debt
confidence high
sentiment neutral
materiality 0.60
Rise Gold enters $1M credit facility at 12% with warrants; issues 1M bonus shares
Rise Gold Corp.
- Monthly advances up to $1M total at 12% compounding interest, due in four years.
- Issued 1,000,000 bonus warrants exercisable at $0.16/share for four years.
- Additional 200,000 warrants per $100k advanced at market price at issuance.
- Lender is arm's length and also provides services to the company.
- All securities issued are unregistered and subject to statutory hold periods.