Rise Gold Corp. announced a private placement of up to 4,000,000 units at a price of $0.40 per unit for the gross proceeds of up to $1,600,000 on January 18, 2023. Each unit consists of one common stock and one half share purchase warrant.

Each warrant entitles the holder to purchase one common share of the company issuance at an exercise price at $0.60 for a period of two years from the date of issuance. All securities issued will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.