Rise Gold Corp. announced a private placement of up to 5,263,158 units at a price of CAD 0.128 per unit for gross proceeds of up to CAD 673,684.224 on April 3, 2024. Each unit comprising one common share and one-half of one share purchase warrant.

Each whole warrant entitles the holder to acquire one share at an exercise price of CAD 0.21 for a period of three years from the date of issuance. The company may pay finder's fees to eligible persons in accordance with applicable securities laws and regulatory policies. All securities issued pursuant to the offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The transaction included participation from certain directors and/or officers of the company, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, may participate in the private placement. The company anticipates a first closing in early April 2024.