Rise Gold Corp. Files 8-K Detailing Material Agreements

TL;DR

Rise Gold Corp. just filed an 8-K on Oct 10, 2024, detailing material agreements and equity sales. Big moves happening.

AI Summary

On October 10, 2024, Rise Gold Corp. entered into a material definitive agreement, creating a direct financial obligation. The company also reported on unregistered sales of equity securities. This filing details significant financial and contractual events for Rise Gold Corp.

Why It Matters

This 8-K filing indicates significant financial and contractual developments for Rise Gold Corp., which could impact its operational and financial standing.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce financial and regulatory risks.

Key Players & Entities

• Rise Gold Corp. (company) — Registrant
• October 10, 2024 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $500,000 — n Gold Fund, LLC (the "Lender") for a US$500,000 loan (the "Loan") which was previously
• $500,000 m — of the Lender. The Loan principal of US$500,000 may be used for general working capital a
• $0.1735 — common stock at an exercise price of US$0.1735 for a period of 4 years from the date o

Filing Documents

• form8k.htm (8-K) — 15KB
• exhibit99-1.htm (EX-99.1) — 7KB
• exhibit99-1x001.jpg (GRAPHIC) — 9KB
• 0001062993-24-017570.txt ( ) — 243KB
• ryes-20241010.xsd (EX-101.SCH) — 4KB
• ryes-20241010_cal.xml (EX-101.CAL) — 1KB
• ryes-20241010_def.xml (EX-101.DEF) — 22KB
• ryes-20241010_lab.xml (EX-101.LAB) — 45KB
• ryes-20241010_pre.xml (EX-101.PRE) — 24KB
• form8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement Rise Gold Corp. (the "Company") announced that it has finalized the secured loan agreement with Myrmikan Gold Fund, LLC (the "Lender") for a US$500,000 loan (the "Loan") which was previously announced on October 2 , 2024. The Company, through its wholly owned subsidiary Rise Grass Valley, had entered into a loan agreement to borrow US$500,000 of secured debt financing from the Lender. Daniel Oliver Jr., a director of the Company, is the managing member of the Lender. The Loan principal of US$500,000 may be used for general working capital and is secured against the assets of the Company and its subsidiary. The Loan has a term of 4 years. Interest will be accrued at an annual interest rate of 15% and be paid along with the principal upon the maturity date. The Loan may be repaid prior to the maturity date, in whole or in part, provided that all accrued interest is paid. The Company has agreed to issue 2,882,514 share purchase warrants ("Warrants") to the Lender. Each Warrant entitles the holder to acquire one share of common stock at an exercise price of US$0.1735 for a period of 4 years from the date of issuance Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The disclosure provided under Item 1.01 above is incorporated by reference in this Item 2.03.

02 Unregistered Sales of Securities

Item 3.02 Unregistered Sales of Securities As consideration for extending the Loan described above under Item 1.01, the Company agreed to issue 2,882,514 share purchase warrants to the Lender. Each warrant entitles the holder to acquire one share of the Company's common stock at an exercise price of US$0.1735 for a period of 4 years from the date of issuance. The disclosure provided under Item 1.01 above is incorporated by reference in this Item 3.02. The Company will issue the Warrants and offer the underlying shares of common stock to the Lender in a private transaction in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits Exhibit No. Description 99.1 Press release dated October 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 10 , 2024 RISE GOLD CORP. /s/ Joseph Mullin Joseph Mullin President and CEO

View Full Filing

View this 8-K filing on SEC EDGAR