debt
confidence high
sentiment neutral
materiality 0.60
Rise Gold Corp. secures US$500k secured loan at 15% with 2.88M warrants from related party
Rise Gold Corp.
- Loan principal US$500,000, 4-year term, 15% annual interest, secured against company assets.
- Issued 2,882,514 warrants at exercise price US$0.1735 per share, 4-year term.
- Lender Myrmikan Capital; director Daniel Oliver Jr. is managing member and abstained from voting.
- Loan proceeds used for general working capital; exempt from minority approval under MI 61-101.
- Transaction is a related-party financing with warrants as additional consideration.