Rise Gold (TSE:RISE) has released an update.
Rise Gold Corp. has completed a $500,000 debt financing deal with Myrmikan Gold Fund, LLC, securing funds for working capital with a 4-year term loan at 15% annual interest, accompanied by share purchase warrants. The transaction, involving a director with a vested interest, is exempt from certain minority shareholder approval requirements due to its value relative to the company’s market capitalization.
For further insights into TSE:RISE stock, check out TipRanks’ Stock Analysis page.
