UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM
CURRENT REPORT
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Item 8.01 Other Events
Rise Gold Corp. (the "Company") issued a press release on June 17, 2022, announcing that the Company has extended the final expiration date for exercise of 6,308,310 common share purchase warrants by two years and to include an accelerated expiry provision.
Between July 3, 2019 and September 21, 2020 the Company issued a total of 6,308,310 warrants (the "Warrants") to purchase shares of common stock in the Company in connection with various private placement financings and debt financings. 3,959,727 of these Warrants were granted with an exercise price of CAD $1.00 per share ("CAD Priced Warrants") with expiry dates ranging from July 3, 2022 to September 9, 2022, and 2,348,583 of these warrants were granted with an exercise price of US$1.00 per share ("USD Priced Warrants") with expiry dates ranging from July 31, 2022 to September 21, 2022. None of these warrants have been exercised to date. The proposed amendments shall become effective June 18, 2022.
In addition to extending the expiry date of the Warrants, the Warrants will be amended to include an accelerated expiry provision. If during the unexpired term of the Warrants, but after the original expiry date of the Warrants has passed:
(a) in the case of CAD Priced Warrants, the closing price of the Company's shares of common stock on the CSE equals or exceeds CAD$1.50 for any 10 consecutive trading days; or
(b) in the case of USD Priced Warrants, the closing price of the Company's shares of common stock on the CSE equals or exceeds CAD$2.00 for any 10 consecutive trading days the Company may accelerate the expiry time of the Warrants by giving written notice to the Holder that the Warrants will expire 30 days from the date of providing such notice.
All other terms and conditions of the Warrants remain unchanged.
Item 9.01 Financial Statements and Exhibits
| Exhibit No. |
Description |
| 99.1 | Press release dated June 17, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 18, 2022
RISE GOLD CORP.
| /s/ Benjamin Mossman |
| Benjamin Mossman Chief Executive Officer |