Attached files
AUTHORIZATION TO CANCEL STOCK OPTIONS
TO:Rise Gold Corp. (the “Corporation”)
RE:Cancellation of stock options in order to increase the available authorized capital of the Corporation
DATED:July 31, 2020
In order to increase the available capital of the Corporation to facilitate the closing of a private placement of 4,363,833 units at a price of US$0.75 (CDN$1.02) per unit, with each unit comprising one share of common stock and one half of one share purchase warrant, I hereby surrender for immediate cancellation by the Company the following stock options currently standing in the books of the Corporation and issued in my name:
No. of Optioned Shares | Exercise Price | Original Date of Grant | Expiry Date |
461,284 | CDN$0.70 | Aug. 21, 2019 | August 21, 2024 |
100,000 | CDN$1.00 | Nov. 29, 2018 | November 29, 2023 |
263,100 | CDN$1.20 | Apr. 19, 2018 | April 19, 2023 |
58,660 | CDN$2.00 | Aug. 8, 2016 | August 8, 2021 |
214,254 | CDN$2.40 | Dec. 27, 2016 | December 27, 2021 |
TOTAL: 1,097,298 |
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I surrender these incentive stock options for the benefit of the Corporation and upon the understanding that once the Corporation’s authorized capital has been increased, or sufficient authorized capital becomes otherwise available, the Corporation shall grant me new stock options at a price to be determined in accordance with, and subject to, applicable securities and stock exchange requirements.
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“Benjamin Mossman”
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| Benjamin Mossman |
| CEO, President, and Director |
Authorization for Cancellation