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. | |
---|---|---|
+48.04% | 118B | |
+31.07% | 36.58B | |
+29.51% | 35.92B | |
-13.19% | 35.11B | |
+22.10% | 22.03B | |
+38.03% | 21.52B | |
+1.60% | 9.18B | |
+10.93% | 8.58B | |
+162.56% | 7.9B |