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. | |
---|---|---|
+35.51% | 11TCr | |
-6.28% | 3.87TCr | |
+33.24% | 3.68TCr | |
+21.45% | 3.43TCr | |
+30.05% | 2.25TCr | |
+26.90% | 2.03TCr | |
+5.07% | 958.72Cr | |
+12.85% | 877.2Cr | |
+14.49% | 708.09Cr |