RMEC~
Blasted out of the gate this morning from 28 to 40 and is currently trading at 36 a 20 % gain for the day…..
News has spread quickly about the 5 million in equity they received today …Rocky Mountain has announced today that it has obtained $5,000,000 in development financing dedicated to their recently acquired fields in Wyoming. The funding gives Rocky Mountain the ability to immediately generate cash flow from its gas proved reserves in Wyoming.
Also they have just closed dual on first of two acquisitions fulfilling their short term goals of purchasing new revenue producing opportunities.
Terms of the funding obtained through Aust Financial include securitization by a first mortgage on the property and $5,000,000 drawn in $1,000,000 segments