debt
confidence high
sentiment neutral
materiality 0.40
Rise Gold extends loan maturity to Sep 2025, reduces rate to 15%, issues 1.7M warrants
Rise Gold Corp.
- Loan maturity extended one year to Sept 4, 2025; interest rate reduced from 25% to 15% for 12 months.
- Company to issue 1,700,000 warrants at $0.115 exercise price, four-year term, to lender Eridanus Capital.
- 340,000 warrants directed to director Daniel Oliver, Jr., a related party; exemptions from MI 61-101 apply.
- Transaction expected to close on or about Sept 10, 2024, subject to regulatory approvals.