On January 3, 2018, Rise Gold Corp. (OTCPK:RYES) closed the transaction. The company announced that it has issued 133,333 units at a price of CAD 0.15 for gross proceeds of CAD 20,000 in the third and final tranche of its non-brokered transaction. The company raised aggregate gross proceeds of CAD 2,044,121 in the transaction.