On April 29, 2024, Rise Gold Corp. closed the transaction. The company issued 4,298,424 units at a price of CAD 0.128 per unit for gross proceeds of CAD 550,198.272 in its second and final tranche.

The company issued a total of 10,044,765 units for aggregate gross proceeds of CAD 1,285,729.92. The company has paid a total of finders? fees of CAD 1,556.17 in cash and issued a total of 12,000 finder's warrants, where each finder's warrant entitles the holder to acquire one share until April 29, 2026.

The transaction included participation from certain directors of the company for 2,495,793 units. Under Canadian securities laws the securities are subject to a hold period expiring on August 30, 2024. The company has raised CAD 1,089,664.24 ($797,503) from 14 investors pursuant to regulation D. The transaction included participation from individual investor, Oliver purchased 180,000 units.