Royal Mines & Minerals (RYMM)

[Dunphy777]

NEW YORK--(BUSINESS WIRE)--

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Royal Mines and Minerals Corp. (“Royal Mines” or the “Company”) (OTC MKT: RYMM) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the Company’s 2013 Stock Option Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on July 26, 2013, the Board of Directors recommends that Royal Mines shareholders vote to approve the Company’s 2013 Stock Option Plan which will make 27,800,000 shares available for issuance. The issuance of the shares could have a substantial dilutive effect on the shares of Royal Mines common stock.