Form 4: Rise Gold Corp: Insider Buys Shares and Warrants, Restricts Warrant Exercise

Daniel Oliver Jr., a director and 10% owner of Rise Gold Corp., along with Myrmikan Gold Fund, LLC, acquired common stock and warrants while agreeing to a warrant standstill agreement.

Summary

• On May 8, 2025, Daniel Oliver Jr., a director and 10% owner of Rise Gold Corp., directly purchased 609,600 shares of common stock at $0.082 per share, increasing his direct holdings to 1,210,653 shares.
• Myrmikan Gold Fund, LLC, also acquired 6,490,342 shares of common stock at $0.082 per share, bringing its indirect holdings to 13,663,191 shares.
• Oliver also acquired warrants to purchase 304,800 shares directly and Myrmikan Gold Fund, LLC acquired warrants to purchase 3,245,171 shares indirectly.
• A warrant standstill agreement, effective May 8, 2025, restricts the exercise of certain warrants held by Myrmikan Gold Fund, LLC, until 61 days after written notice of termination is given to the issuer.
• The warrants held by Myrmikan Gold Fund, LLC, include warrants for 2,882,514 shares, 1,350,000 shares, 140,000 shares and 750,000 shares.
• These warrants were issued in connection with a $500,000 secured loan agreement.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is a good sign, but the warrant standstill agreement and secured loan agreement introduce some complexity.

Positives

• Insider buying can be seen as a positive signal, indicating confidence in the company's future prospects.

Risks

• The warrant standstill agreement could limit the potential dilution from warrant exercises in the near term, but the possibility remains if the agreement is terminated.
• The secured loan agreement associated with some of the warrants could indicate a need for financing.

Future Outlook

The warrant standstill agreement will remain in effect until terminated upon 61 days' written notice to the issuer from the holder.

Industry Context

Insider buying is generally viewed positively in the market, as it signals that those with the most knowledge of the company believe its stock is undervalued.

Related Party Transactions

• The warrants held by Myrmikan Gold Fund, LLC, were issued in connection with a $500,000 secured loan agreement.

Stakeholder Impact

• Shareholders may view the insider buying positively.
• The warrant standstill agreement could impact potential dilution.

Key Dates

Keywords

Rise Gold Corp, Insider Trading, Form 4, Warrants, Common Stock, Daniel Oliver Jr, Myrmikan Gold Fund, Beneficial Ownership, Warrant Standstill Agreement