Royal Mines And Minerals Corp. (OTCPK:RYMM) announced a private placement of 1,400,000 units at $0.05 per unit for gross proceeds of $70,000 on November 18, 2013. Each unit consists of one common share and one half of one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of $0.10 per share for a period of two years from the date of closing. The company issued securities pursuant to exemption provided under Regulation D. The company issued certain other securities pursuant to the provisions of Section 4(2). The round included participation from Mitchell Jason Steven, Chief Financial Officer, Treasurer, and Secretary, Mitchell Kenneth Ian, Chief Executive Officer and President, and Boyko Michael Christopher along with close personal friends, relatives or business associates of a director or executive officer of the company. The company expected to receive $171,000 in the transaction.

On November 18, 2013, Royal Mines And Minerals Corp. closed the transaction.