Royal Mines And Minerals Corp. (OTCPK:RYMM) announced a private placement of 5,600,000 units at $0.05 per unit for gross proceeds of $280,000 on March 31, 2015. Each unit is comprised of one common stock and one share purchase warrant.

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 common stock pursuant to exemption provided under Regulation D and Regulation S for $20,000 and $150,000 respectively.