12 Dec 2017capital raising announcement● Neutral
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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Sept 2017capital raising announcement▲ Good
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.
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21 Sept 2017material agreement▲ Good
Now renamed Rise Gold Corp., extended (for the third time) its option to buy an adjacent 82-acre parcel from Sierra Pacific Industries for a total of $1.9 million, pushing the closing date to mid-2018 while gaining rights to drill the property in the meantime.
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.
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9 Aug 2017capital raising announcement▲ GoodMajor
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.
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13 Apr 2017capital raising announcement▲ Good
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.
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5 Apr 2017capital raising announcement▲ GoodMajor
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.
21 Feb 2017capital raising announcement● Neutral
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.
26 Jan 2017asset acquisition disposition▲ GoodMajor
Completed the $2 million purchase of the Idaho-Maryland Gold Mine near Grass Valley, California - the second-largest U.S. gold mine in 1941 before the government forced its 1942 shutdown - acquiring 93 acres of surface land and 2,750 acres of mineral rights free of any royalty, funded partly by a CAD$4.5 million private placement.
3 Jan 2017capital raising announcement▲ GoodMajor
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.
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7 Oct 2016material agreement▲ GoodMajor
Under new CEO Benjamin Mossman, entered an option agreement to buy a historic, high-grade U.S. gold mine that was a leading producer before its abrupt WWII-era shutdown (the future Idaho-Maryland Mine), paying a $25,000 deposit against a $2 million exercise price, and launched a $3.5 million private placement to help fund it - the deal that would come to define the company.
18 July 2016asset acquisition disposition▲ Good
Closed the first installment of the Klondike Gold property purchase, paying CAD$50,000 cash plus 1.5 million shares and warrants to take ownership of the claims.
7 June 2016material agreement▲ GoodMajor
Agreed to buy a second British Columbia mineral property outright from Klondike Gold Corp for roughly CAD$200,000 in cash plus shares and warrants, with Klondike retaining a 2% smelter-return royalty.
13 May 2016capital raising announcement▲ Good
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.
24 Mar 2016capital raising announcement● Neutral
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.
5 Feb 2016capital raising announcement● Neutral
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.
27 May 2015business combination▲ GoodMajor
Renamed itself Rise Resources Inc. and exited shell status for a third time, entering an option agreement with Eastfield Resources to earn up to 75% of the Indata mineral property in British Columbia (majority-owned by Eastfield, with Imperial Metals holding the rest) for up to $450,000 cash plus $2.5 million of exploration spending.
25 Sept 2014material agreement termination▼ BadMajor
A separate reverse-merger attempt also collapsed: the May 2014 share exchange agreement to acquire private company Juliet Press Inc. (which would have issued 14 million shares to Juliet's owners) was mutually terminated, leaving the company still searching for a deal under yet another new CEO, Greg Johnston.
13 Jan 2014material agreement▼ Bad
The Wundr Software letter of intent expired without closing, but the company kept trying to save the deal - advancing roughly CAD $52,000 to Wundr for working capital and getting its own creditors to forgive debt to clear a path to completion.
12 Nov 2013material agreement▼ BadMajor
With no mineral projects left, the company signed a binding letter of intent to acquire eBook software maker Wundr Software Inc., planning to issue 55 million shares, rename itself Wundr Software Inc., and hand board and management control to Wundr - a complete pivot away from mining.
21 Oct 2013auditor change▼ Bad
Auditor K R Margetson Ltd. declined to stand for re-election after flagging going-concern doubt in its most recent report; the company engaged Davidson & Co as its new auditor.
3 May 2013material agreement termination▼ BadMajor
The KM 66 earn-in agreement with Bearing Resources fell apart: Bearing itself terminated its underlying option with the Mexican property owners, ending the company's path to any interest in the project and leaving it without an active mineral asset again.
8 Jan 2013drilling result● NeutralMajor
Announced 2013 exploration plans focused on expanding the KM 66 silver-gold deposit with Bearing Resources, and disclosed the company will not proceed with the La Buena project joint venture with San Marco after all - a strategic narrowing to one Mexican project.
30 Nov 2012farm in farm out agreement▲ GoodMajor
Signed a letter of intent with Bearing Resources to earn up to a 75% interest in the KM 66 (Mapimi) silver-gold-lead-zinc project in Durango, Mexico, which carries an uncertain historical (2008) resource estimate of about 22.3 million silver-equivalent ounces - a second, larger Mexican project alongside La Buena.
15 Aug 2012capital raising announcement● Neutral
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.
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14 Aug 2012asset acquisition disposition▲ GoodMajor
Formally exited shell-company status as the La Buena option deal closed: replaced Skanderbeg directly with San Marco as counterparty, filed full Form 10-style business disclosure, and confirmed the project (near Goldcorp's Penasquito mine) carries a variable 1.5-2.5% royalty to Golden Minerals Company.
29 May 2012asset acquisition disposition▲ GoodMajor
Completed the assignment from Skanderbeg Capital of its option to acquire a 50% interest in the La Buena gold-silver-base metals project in Zacatecas, Mexico, paying Skanderbeg $100,000 and assuming its obligations to project owner San Marco Resources: up to 2.5 million shares, $300,000 cash, and $6 million of exploration spending through 2014.
5 Apr 2012business combination● Neutral
Approved a name change to Patriot Minefinders Inc. via merger into a newly formed subsidiary, together with a 24-for-1 forward stock split that will take shares outstanding from 4.7 million to 112.8 million - pure corporate housekeeping ahead of the pending La Buena project deal.
22 Mar 2012material agreement▲ Good
Atlantic Resources Inc. (the future Rise Gold Corp.) borrowed $25,000 from Skanderbeg Capital Partners to help fund Skanderbeg's assignment to the company of an option on the La Buena gold-silver project in Mexico.