Rise Gold Provides Correction of Annual General Meeting Results
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Rise Gold Provides Correction of Annual General Meeting Results
July 31, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the
“Corporation”) provides a correction to the previous news release today regarding the results of
the Corporation’s Annual General Meeting. The Corporation announces that the increase to the
authorized number of shares of common stock of the Corporation was not legally a ffected at
today’s Annual General Meeting. Although 90% of shareholder votes approved this amendment
to the articles only 39% of the Corporation’s shareholders participated in the annual general
meeting. Under Nevada State law, in order to approve an amendment to the authorized number of
common shares, a majority of the shareholders must approve the measure. All other proposed
resolutions at the Annual General Meeting were passed. The Corporation will convene a special
meeting as soon as possible to revote on this item.
In order to accommodate the lack of authorized capital to facilitate the closing of the US$3,300,000
financing previously announced on July 22, 2020, the Corporation’s President & CEO, Benjamin
Mossman, has agreed to surrender 1,097,298 stock options priced between C$0.70 and C$2.40 per
share (average price of C$1.25).
About Rise Gold Corp.
Rise Gold 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.
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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”, “estim ate” and other similar words or
statements that certain events or conditions “may” or “will” occur.
Although the Corporation believes that the expectations reflected in the 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.
Rise undertakes no obligation to update forward- looking statements or information except as
required by law.