DynaResource, Inc. announced that it has received $3.9 million in funding from Golden Post Rail, LLC
May 13, 2020
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DynaResource, Inc. (OTCPK:DYNR) announced that it has entered into note purchase agreement for private placement of 10% convertible promissory notes for gross proceeds of $3,900,000 led by existing investor Golden Post Rail, LLC on May 14, 2020. The transaction included participation from Golden Post Rail, LLC for $2,500,000, Gareth Nichol for $1,000,000, Ron Vail for $200,000, Dale Petrini for $100,000, Tom Tillander for $50,000, and Ralph Whalen for $50,000. The note bears interest at 10% payable in arrears, on March 31, June 30, September 30 and December 31 of each calendar year, and maturing two years from the date of execution. The note is convertible, at the option of investor, into series D senior convertible preferred stock at a conversion price of $2 per share. The company has also issued 1,223,002 warrants exercisable at $0.01 per share for a period of 10 years.
DynaResource, Inc. is a minerals investment, management, and exploration company. The Company is engaged in the business of acquiring, investing in, and developing precious metal properties, and the production of precious metals. The Company has one wholly owned subsidiary in the United States, DynaMexico US Holding, LLC (US Holding) and three wholly owned subsidiaries in Mexico, DynaResource de Mexico, S.A. de C.V. (DynaMexico), Mineras de DynaResource S.A. de C.V. (DynaMineras), and DynaResource Operaciones de San Jose De Gracia S.A. de C.V. (DynaOperaciones). DynaMexico owns a portfolio of mining concessions that comprises its 100% interest in the San Jose de Gracia Project (SJG) in northern Sinaloa State, Mexico. It conducts test mining and pilot milling operations, and other exploration activities of the SJG, in Mexico. The SJG Project is located on map sheet G13-A81 in the Culiacan mining district of Sinaloa State, Mexico.
DYNARESOURCE, INC. 
