Form 4: Rise Gold Corp: Daniel Oliver Jr. and Myrmikan Entities Report Significant Share and Warrant Transactions
SEC Form 4
Daniel Oliver Jr., along with Myrmikan Gold Fund, LLC and Myrmikan Capital, LLC, reports acquisition of Rise Gold Corp. shares and warrants, impacting beneficial ownership.
Summary
- Daniel Oliver Jr., a director and 10% owner of Rise Gold Corp., along with Myrmikan Gold Fund, LLC and Myrmikan Capital, LLC, filed a Form 4 detailing changes in beneficial ownership.
- On April 9, 2024, Myrmikan Gold Fund, LLC acquired 2,700,000 shares of common stock at $0.095 per share.
- Following this transaction, Myrmikan Gold Fund, LLC indirectly owns 9,872,849 shares.
- Daniel Oliver Jr. also reports ownership of options and warrants with various exercise prices and expiration dates.
- A warrant standstill agreement was entered into on April 9, 2024, preventing the exercise of certain warrants, impacting the beneficial ownership calculation.
- Myrmikan Capital, LLC, as the Manager of Myrmikan Gold Fund, LLC, shares beneficial ownership over all securities beneficially owned by Myrmikan Gold Fund, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and ownership details.
Risks
- The warrant standstill agreement could limit the potential upside for Myrmikan Gold Fund, LLC if the share price increases significantly.
- Changes in the warrant standstill agreement could impact the beneficial ownership structure and potentially trigger further reporting requirements.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market.
Stakeholder Impact
- Shareholders are informed about changes in ownership, which can influence investor sentiment.
- The warrant standstill agreement may impact the potential dilution of existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/01/2019 | Warrants with a strike price of $1 expire on 09/09/2024 |
| 08/19/2019 | Warrants with a strike price of $1 expire on 08/19/2024 |
| 07/31/2020 | Warrants with a strike price of $1 expire on 07/31/2024 |
| 02/17/2023 | Warrants with a strike price of $0.6 expire on 02/17/2025 |
| 01/31/2023 | Warrants with a strike price of $0.6 expire on 01/31/2025 |
| 11/07/2023 | Warrants with a strike price of $0.26 expire on 11/07/2025 |
| 12/07/2023 | Warrants with a strike price of $0.26 expire on 12/07/2025 |
| 12/12/2023 | Options with a strike price of $0.25 expire on 12/12/2028 |
| 09/22/2023 | Options with a strike price of $0.26 expire on 09/22/2028 |
| 04/09/2024 | Myrmikan Gold Fund, LLC acquired 2,700,000 shares of common stock at $0.095 per share. |
| 04/09/2024 | Warrant standstill agreement was entered into. |
| 04/09/2024 | Warrants with a strike price of $0.158 expire on 04/09/2027 |
| 04/12/2024 | Date of signatures for the Form 4 filing. |
Keywords
Rise Gold Corp, Daniel Oliver Jr, Myrmikan Gold Fund LLC, Myrmikan Capital LLC, beneficial ownership, Form 4, warrants, shares, transaction, director, 10% owner
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