Each one in plain English, with the numbers worked through for a shareholder.
23 July 2020capital raising announcement▲ GoodMajor
Rise Gold announced a private placement of up to US$3.3 million (4,400,000 units at US$0.75) - roughly ten times the unit price of its 2018 financings, reflecting a much stronger stock as permitting progressed and gold prices rallied.
What it means for a shareholder
4.4m new shares at US$0.750 to raise about US$3.3m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held US$1,000 of shares (1,333 at the issue price), your slice goes from 0.00605% to 0.00504% of the company. To keep it you'd need 266 more shares - about US$200 at the issue price.
18 Mar 2020capital raising announcement● NeutralMajor
Rise Gold gave its first update on the Use Permit application submitted to Nevada County in November 2019 to reopen the Idaho-Maryland Mine: technical reports for the Draft Environmental Impact Report are largely complete, with land-use approval expected 12-18 months out - the opening chapter of what would become a long, unresolved permitting struggle with the county.
Rise Gold borrowed US$1 million in secured debt from Eridanus Capital LLC (an affiliate of gold/silver-focused Myrmikan Capital) for engineering, permitting and working capital at Idaho-Maryland - a two-year loan at 10% interest (extendable at higher rates), with 11,500,000 warrants issued to the lender - its first significant non-dilutive-style debt financing for the project.
Rise Gold announced a private placement of up to 25,000,000 units at C$0.07 (up to roughly C$1.75 million) open to accredited investors and to friends/family/associates of its own directors and officers - a lower unit price than its 2018 raises, reflecting a weaker stock.
What it means for a shareholder
25.0m new shares at C$0.070 to raise about C$1.8m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held C$1,000 of shares (14,286 at the issue price), your slice goes from 0.0087% to 0.00755% of the company. To keep it you'd need 2,174 more shares - about C$152 at the issue price.
19 Feb 2019capital raising announcement▲ GoodMajor
Yamana Gold advanced a further C$1.0 million to Rise Gold via a six-month secured convertible debenture (12% interest) ahead of a new private placement targeting a minimum C$1.8 million - Yamana deepening its strategic position in the Idaho-Maryland project a few months after its initial investment.
Rise Gold closed the final C$750,000 tranche of its October offering, bought entirely by Southern Arc Minerals Inc. - completing the C$2.5 million raise split between Yamana Gold (C$1.75M) and Southern Arc (C$750K), two strategic mining investors now on the register.
19 Oct 2018capital raising announcement▲ GoodMajor
Yamana Gold Inc., a major Canadian gold producer, made a strategic C$1.75 million investment in Rise Gold through its subsidiary Meridian Jerritt Canyon Corp - buying 17.5 million units, gaining the right to nominate a board member and two advisory-committee members, participation rights to maintain up to 19.9% ownership, and a six-month right of first offer/refusal on any sale of an interest in the Idaho-Maryland Gold Project. The Company separately announced intent to raise a total of C$2.5 million in the same offering - the first major-producer validation of the project.
What it means for a shareholder
17.5m new shares at about C$0.1429 to raise about C$2.5m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held C$1,000 of shares (7,000 at the issue price), your slice goes from 0.00603% to 0.00524% of the company. To keep it you'd need 1,055 more shares - about C$151 at the issue price.
Rise Gold announced a private placement of up to 18,750,000 units at CDN$0.08 (up to roughly CDN$1.5 million), continued Idaho-Maryland financing.
What it means for a shareholder
18.8m new shares at C$0.080 to raise about C$1.5m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held C$1,000 of shares (12,500 at the issue price), your slice goes from 0.0108% to 0.00927% of the company. To keep it you'd need 2,019 more shares - about C$162 at the issue price.
Rise Gold closed essentially the full amount of the April offering (35,161,000 units at CAD$0.10, CAD$3,516,100 gross) within days of announcing it - a strong, fully-subscribed raise for Idaho-Maryland development.
What it means for a shareholder
35.2m new shares at C$0.100 to raise about C$3.5m. That's 30% dilution: every existing holder's slice gets 30% smaller. If you held C$1,000 of shares (10,000 at the issue price), your slice goes from 0.0124% to 0.00861% of the company. To keep it you'd need 4,344 more shares - about C$434 at the issue price.
Rise Gold announced a non-brokered private placement of up to 35,000,000 units at CDN$0.10 (up to roughly CDN$3.5 million) for continued advancement of the Idaho-Maryland Gold Project.
What it means for a shareholder
35.0m new shares at C$0.100 to raise about C$3.5m. That's 30% dilution: every existing holder's slice gets 30% smaller. If you held C$1,000 of shares (10,000 at the issue price), your slice goes from 0.0124% to 0.00862% of the company. To keep it you'd need 4,324 more shares - about C$432 at the issue price.
Rise Gold closed a further tranche of the same August offering (6,417,000 units at CAD$0.15, CAD$962,550), bringing that raise to roughly CAD$2 million so far.
What it means for a shareholder
6.4m new shares at C$0.150 to raise about C$962,550. That's 8.0% dilution: every existing holder's slice gets 8.0% smaller. If you held C$1,000 of shares (6,667 at the issue price), your slice goes from 0.00898% to 0.00827% of the company. To keep it you'd need 577 more shares - about C$87 at the issue price.
Rise Gold announced it expects to close a further tranche of its August private placement on December 18, 2017, continued incremental financing for the Idaho-Maryland project.
Rise Gold closed a tranche of its August offering (7,077,140 units at CAD$0.15, CAD$1,061,571), continued Idaho-Maryland financing.
What it means for a shareholder
7.1m new shares at C$0.150 to raise about C$1.1m. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held C$1,000 of shares (6,667 at the issue price), your slice goes from 0.00999% to 0.00904% of the company. To keep it you'd need 707 more shares - about C$106 at the issue price.
29 Aug 2017capital raising announcement▲ GoodMajor
Rise Gold announced a non-brokered private placement of up to 24,000,000 units at CDN$0.15 (up to roughly CDN$3.6 million) explicitly earmarked for advancing the Idaho-Maryland Gold Project - its first financing announcement to name the project by name as the funding purpose.
What it means for a shareholder
24.0m new shares at C$0.150 to raise about C$3.6m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held C$1,000 of shares (6,667 at the issue price), your slice goes from 0.00999% to 0.00735% of the company. To keep it you'd need 2,399 more shares - about C$360 at the issue price.
Rise Gold exited its remaining British Columbia exploration ground, paying Klondike Gold Corp $100,000 to mutually terminate the 2016 Klondike property acquisition (avoiding a further $150,000 cash plus shares and warrants), and settled $95,952 of finder-fee debt from its May placement via 417,184 units - completing its full divestment from BC exploration to focus entirely on the Idaho-Maryland Gold Project.
10 May 2017capital raising announcement▲ GoodMajor
Rise Gold closed the private placement announced in April (9,009,814 units at CAD$0.23, CAD$2,072,257 gross), continued financing for the Idaho-Maryland project.
What it means for a shareholder
9.0m new shares at C$0.230 to raise about C$2.1m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held C$1,000 of shares (4,348 at the issue price), your slice goes from 0.00754% to 0.00652% of the company. To keep it you'd need 679 more shares - about C$156 at the issue price.
Rise Gold announced a non-brokered private placement of up to 8,700,000 units at $0.23 (up to roughly $2 million), continuing the financing push behind its newly acquired Idaho-Maryland project.
What it means for a shareholder
8.7m new shares at US$0.230 to raise about US$2.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held US$1,000 of shares (4,348 at the issue price), your slice goes from 0.00759% to 0.00659% of the company. To keep it you'd need 660 more shares - about US$152 at the issue price.
Rise Resources granted director John Anderson 500,000 options at CAD$0.27 and completed its merger with wholly-owned subsidiary Rise Gold Corp, formally adopting the "Rise Gold Corp." name on March 29, 2017 - the identity the company would keep permanently, built around the Idaho-Maryland Mine.
Rise Resources announced the closing of its December private placement and engaged Skanderbeg Capital Advisors for investor-relations services at CAD$7,500/month, routine follow-through on the recent financing.
Rise Resources closed a CAD$4.2 million private placement (21,044,500 units at CAD$0.20 with CAD$0.40 warrants) - a major raise that would fund the January 2017 outright purchase of the Idaho-Maryland Gold Mine, the asset around which the company would finally find lasting direction.
What it means for a shareholder
21.0m new shares at C$0.200 to raise about C$4.2m. That's 39% dilution: every existing holder's slice gets 39% smaller. If you held C$1,000 of shares (5,000 at the issue price), your slice goes from 0.015% to 0.00921% of the company. To keep it you'd need 3,163 more shares - about C$633 at the issue price.
A belated amendment putting numbers on the financing that took the company onto the Canadian Securities Exchange: 6,050,000 shares at 10 Canadian cents for CAD$605,000 gross, sold under a British Columbia and Alberta prospectus, with 8% cash plus 484,000 warrants to the agent. The money was for the first phase of exploration at the Indata property.
Rise Resources adopted a stock option plan and granted 2,700,000 options at $0.15 to its officers and directors - 900,000 to President/CEO Fred Tejada, 700,000 to CFO Cale Thomas, 200,000 to director Michael Evans - plus consultants, routine equity compensation.
Rise Resources' common stock began trading on the Canadian Securities Exchange under the symbol "UPP" following a financing closing, an early CSE listing before the company later traded as RISE.
Patriot Minefinders arranged a $500,000 financing (2,000,000 shares at $0.25) to fund its work commitment at the La Buena project in Zacatecas, Mexico - a modest raise for the option it would drop unexercised five months later.
What it means for a shareholder
2.0m new shares at US$0.250 to raise about US$500,000. That's 3.1% dilution: every existing holder's slice gets 3.1% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.00647% to 0.00627% of the company. To keep it you'd need 129 more shares - about US$32 at the issue price.
