Grass Valley, California--(Newsfile Corp. - August 30, 2024) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Company") announces that it has executed an amendment to its debt agreement with Eridanus Capital LLC ("Eridanus") previously announced in its September 3, 2019 news release, the original terms of which were amended as previously announced in its January 27, 2023 and February 21, 2023 new releases. Daniel Oliver Jr., a director of the Company, is the manager of Myrmikan Capital, LLC, which, in turn, is the manager of Eridanus. Pursuant to the amendment, Eridanus has agreed to extend the maturity date of the loan by one year to September 4, 2025 and reduce the interest rate to 15% for a period of 12 months after closing. The Company has agreed to issue 1,700,000 share purchase warrants ("Warrants") to Eridanus, 340,000 of which Eridanus has directed be issued to Daniel Oliver, Jr., a member of Eridanus. Each Warrant entitles the holder to acquire one share at an exercise price of US$0.115 for a period of four years from the date of issuance. The issuance of the Warrants is expected to occur on or about September 10, 2024. The Warrants and any shares acquired upon exercise of the Warrants will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The transaction is subject to any regulatory approval.
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