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Rise Gold launches placement

Exploration company Rise Gold Corp (CN:RISE) has launched a non-brokered private placement to raise C$3.6 million (US$2.9 million) to fund the advancement of its Idaho-Maryland gold project in California, US.

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Rise Gold will soon start a drilling campaign at the Idaho-Maryland project

The placement of 24 million units, including shares and warrants, at C$0.15 each will be subject to statutory hold periods according to US and Canadian securities laws, including a minimum six-m...