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Re: e-ore post# 1013

Tuesday, 09/09/2014 8:02:39 PM

Tuesday, September 09, 2014 8:02:39 PM

Post# of 1273
RYMM - interesting... This was released in July

"On July 10, 2014, Royal Mines and Minerals Corp. (the “Company") entered into a letter of intent with Lafarge North America Inc. (“Lafarge”) dated for reference July 7, 2014 (the “Letter of Intent"). As outlined in the Letter of Intent, the Company and Lafarge wish to enter into a joint venture (the “Venture”) with respect to the commercialization of the Company’s process for the recovery of precious metals from coal ash and other materials (the “Technology”).

The options granted under their 2011 equity incentive plan expired on 9/6/2014. They suspended the plan last year. On 9/5 two insiders exercised their options for 2.4 million shares total. That's $48,000 worth.

I'm still liking this one a lot. It's heavily insider held with no outside convertible debt. Insiders have loaned the company substantial amounts of money that's convertible into common stock at .05 (with a warrant at .10). And don't forget they are receiving 2,000,000 shares of Gainey Capital Corp.

http://www.gaineycapital.com/


My posts are my opinion. Do not be influenced by anything you read on any message board website unless you can confirm it.

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