Royal Mines And Minerals Corp. (OTCPK:RYMM) announced a private placement of 200,000 units at $0.05 per unit for gross proceeds of $10,000 on October 31, 2016. Each unit is comprised of one common stock and one share purchase warrant. The transaction included participation from one investor. Each warrant entitling the holder to purchase an additional share of the company's common stock at an exercise price of $0.10 for a two year period from the date of issuance. The company issued securities pursuant to exemption provided under Regulation D.