VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 30, 2016) - Rise Resources Inc. (CSE:UPP)(CSE:UPP.CN)(OTC PINK:RYES) ("Rise" or the "Company") is pleased to announce that the due diligence work on the Company's proposed United States property acquisition is almost complete. Further to Rise's news release dated November 9, 2016, the Company has hired U.S. legal and professional land services firms to conduct title and legal searches on the property, and to allow for the completion of this work, the Company has negotiated an extension to the closing date of the option agreement for the purchase of the property until December 26, 2016 in return for a fee of US$25,000 which has been paid.
As first described in the Company's October 6, 2016 news release, the Company has arranged the purchase of a substantial area of private land in the United States which hosts a significant historic gold mine, and plans to release further details regarding the project upon closing of the transaction.
About Rise Resources Inc.
Rise is a mineral exploration company. The Company's focus is on advanced mineral projects with demonstrated continuity and the majority of their value in precious metals. Rise also has several exploration properties in British Columbia, Canada which it is evaluating. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.
