Rise Gold Closes US$250,000 Financing
Rise Gold Closes US$250,000 Financing
Grass Valley, California--(Newsfile Corp. - September 22, 2020) -
Rise Gold Corp. (CSE: RISE)
(OTCQX: RYES) (the "
Corporation
") announces that it has completed the non-brokered private
placement announced in its August 8, 2020 news release. The Corporation raised a total of
US$250,000 through the issuance of 333,333 units (each a "
Unit
") at a price of US$0.75 per Unit
(CDN$1.02 per Unit), with each Unit comprising one share of common stock (a "
Share
") and one-half of
one share purchase warrant (the "
Offering
"). Each whole warrant (a "
Warrant
") entitles the holder to
acquire one Share at an exercise price of US$1.00 until September 21, 2022.
The Shares and any shares issued upon the exercise of any Warrants are subject to a hold period until
January 22, 2021.
All securities issued pursuant to the Offering are also subject to statutory hold periods
in accordance with applicable United States securities laws.
The securities offered have not been registered under the United States Securities Act of 1933, as
amended (the "
U.S. Securities Act
"), or any state securities laws and may not be offered or sold absent
registration or compliance with an applicable exemption from the registration requirements of the U.S.
Securities Act and applicable state securities laws.
About Rise Gold Corp.
The Corporation is an exploration-stage mining company incorporated in Nevada, USA. The
Corporation's principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada
County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average
mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is
disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on
www.sedar.com
.
On behalf of the Board of Directors:
Benjamin Mossman
President, CEO and Director
Rise Gold Corp.
For further information, please contact:
RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
www.risegoldcorp.com
The CSE has not reviewed, approved or disapproved the contents of this news release.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements are frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words or statements that
certain events or conditions "may" or "will" occur.
Although the Corporation believes that the expectations reflected in any forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-
looking statements are subject to risks, uncertainties and assumptions related to certain factors
including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other
applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and
financing requirements, compliance with environmental regulations, title matters, operating hazards,
metal prices, political and economic factors, competitive factors, general economic conditions,
relationships with vendors and strategic partners, governmental regulation and supervision, seasonality,
technological change, industry practices, and one-time events that may cause actual results,
performance or developments to differ materially from those contained in the forward-looking
statements.
Accordingly, readers should not place undue reliance on forward-looking statements and
information contained in this release.
The Corporation undertakes no obligation to update forward-
looking statements or information except as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/64429