On December 7, 2023, Rise Gold Corp. closed the transaction. The company issued 2,131,110 units for gross proceeds of CAD 532,777.5 in its second and final tranche.

Each whole warrant entitles the holder to acquire one share until December 7, 2025. The company has issued a total of 5,377,541 units for total gross proceeds of CAD 1,344,385.25 in the transaction. The transaction included participation from a director of the company, through his entity for 280,000 units.

All securities issued pursuant to the financing are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws expiring on April 8, 2024. The company has received CAD 495,524 pursuant to Regulation D and included participation from 5 investors. The company intends to the offering to last more than one year.