UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):   July 11, 2019


RISE GOLD CORP.

(Exact Name of Registrant as Specified in Charter)


Nevada

  

000-53848

  

30-0692325

(State or other jurisdiction of incorporation)

  

(Commission File Number)

  

(IRS Employer Identification No.)


650 – 669 Howe Street

Vancouver, British Columbia

Canada

(Address of principal executive offices)


V6C 0B4

(Zip Code)


Registrant’s telephone number, including area code:   (604) 260-4577



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the exchange Act (17 CFR 240.13e -4)

Securities registered pursuant to Section 12(b) of the Act :

Title of each class

 

Trading Symbol(s)

 

Name of exchange on which registered

N/A

 

 

 

 

 

 

 

 

 


Securities registered pursuant to Section 12(g) of the Act :

Title of each class

 

Trading Symbol(s)

 

Name of principal U.S. market and foreign exchange

Common Stock

 

RYES

 

OTCQB

Common Stock

 

RISE

 

Canadian Securities Exchange








Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).


Emerging growth company þ


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. q




Item 3.02

Unregistered Sales of Equity Securities

On July 11, 2019, we announced the closing of the first tranche of the non-brokered private placement (the “Placement”) that we previously announced on July 3, 2019, raising a total of C$725,769 through the sale of 10,368,131 units (each a “Unit”) at a price of C$0.07 per Unit. Each Unit consists of one share of common stock (a “Share”) and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional Share at an exercise price of C$0.10 until July 3, 2022.

We issued the shares and warrants underlying the Units in reliance on the exclusion from registration provided by Rule 903 of Regulation S under the Securities Act of 1933, as amended (the “Securities Act”) for offers and sales outside of the United States and on Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D thereunder for offers and sales in the United States and to U.S. persons. We issued the finders’ warrants in reliance on the exclusion from registration provided by Rule 903 of Regulation S. Our reliance on Rule 903 was based on the fact that the securities were sold in offshore transactions. We did not engage in any directed selling efforts in the United States in connection with the sale of the securities. Our reliance on Section 4(a)(2) and Rule 506(b) was based on the fact that the U.S. investors provided us with written representations regarding their investment intent and status as an accredited investor and that neither we nor anyone acting on our behalf engaged in any general advertising or general solicitation.

Item 8.01

Other Events


On July 11, 2019, we issued a news release announcing the closing of the first tranche of the Placement. A copy of the news release is included with this report as Exhibit 99.1



Item 9.01

Financial Statements and Exhibits


Exhibit

No.

Description


99.1

Press release dated July 11, 2019









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:

July 11, 2019


RISE GOLD CORP.


/s/ Benjamin Mossman
Benjamin Mossman
Chief Executive Officer






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