SEC Form D Coverage: Royal Mines & Minerals $30000 Financing. Jason S Mitchell Released Nov 9 D Filing

Royal Mines & Minerals Corp - Jason S Mitchell

Royal Mines & Minerals Financing

Royal Mines & Minerals Corp, Corporation just released form D because of $30,000 equity financing. This is a new filing. Royal Mines & Minerals was able to sell $10,000 so far. That is 33.33% of the round of financing. The total fundraising amount was $30,000. The financing form was filed on 2016-11-09. The reason for the financing was: Total Offering Amount of USD$30,000 includes the aggregate exercise price of $20,000 in warrants exercisable by the holder for a 2 year period from closing.. The fundraising still has about $20,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Royal Mines & Minerals is based in Nevada. The firm’s business is not disclosed. The SEC form was submitted by Jason S Mitchell Chief Financial Officer, Secretary & Treasurer. The company was incorporated more than five years ago. The filler’s address is: 2580 Anthem Village Drive, Henderson, Nv, Nevada, 89052. Kenneth Ian Matheson is the related person in the form and it has address: 2215 Lucerne Circle, Henderson, Nv, Nevada, 89014. Link to Royal Mines & Minerals Filing: 000153412216000119.

Analysis of Royal Mines & Minerals Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Royal Mines & Minerals sold 33.33% of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 99.67% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this financing is set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Royal Mines & Minerals Also

The Form D signed by Jason S Mitchell might help Royal Mines & Minerals Corp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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