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. | |
---|---|---|
+35.51% | 107B | |
-5.15% | 39.59B | |
+24.92% | 34.75B | |
+21.30% | 32.76B | |
+29.78% | 21.82B | |
+27.04% | 19.76B | |
+3.93% | 9.03B | |
+14.27% | 8.49B | |
+18.40% | 6.97B |