Royal Mines and Minerals Corp announced a private placement of 400,000 units at a price of $0.05 per unit for gross proceeds of $$20,000 on June 13, 2018. Each unit consists of one share of the company’s common stock and one share purchase warrant, with each warrant entitling the holder to purchase an additional share 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. The transaction included participation from three investors.