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. | |
---|---|---|
+35.14% | 109B | |
-4.52% | 39.22B | |
+17.04% | 33.49B | |
+31.40% | 22.59B | |
+24.65% | 20.32B | |
+1.28% | 9.47B | |
+9.92% | 8.65B | |
+16.42% | 7.37B | |
+23.23% | 5.62B |