Rhino Resource Partners LP (OTCPK:RHNO) announced that it entered into a security purchase agreement for a private placement of 60,000,000 common units at a price of $0.03333 for gross proceeds of $2,000,000 and will issue a promissory note for gross proceeds of $7,000,000 with existing investor Royal Energy Resources, Inc. on March 21, 2016. The promissory note is payable in three tranches, on July 31, 2016, the company will issue $3,000,000, on September 30, 2016, the company will issue $2,000,000, and December 31, 2016, the company will issue $2,000,000.
1st Jan change | Capi. | |
---|---|---|
+40.75% | 115B | |
+17.53% | 37.99B | |
-9.55% | 36.97B | |
+26.42% | 35.36B | |
+18.19% | 22.5B | |
+34.37% | 21.63B | |
+3.65% | 9.38B | |
+12.15% | 8.69B | |
+163.75% | 8.01B |