other material
confidence high
sentiment neutral
materiality 0.50
Rise Gold ups private placement to US$1,000,000; issues units at $0.095/unit
Rise Gold Corp.
- Increased non-brokered private placement from US$750,000 to US$1,000,000 via 10,526,316 units at US$0.095/unit.
- Each unit consists of one common share and one-half warrant; full warrant exercisable at US$0.158 for 3 years.
- Proceeds for general working capital; directors may participate, with ~US$100,000 used to pay insider debt.
- Private placement exempt from formal valuation and minority approval under MI 61-101 due to size.