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Royal Energy to acquire control of Rhino Resource Partners


Published Jan 27, 2016
Royal Energy Resources, Inc.

Royal Energy Resources, Inc. has entered into a Securities Purchase Agreement with Wexford Capital, LP, and certain of its affiliates (collectively, 'Wexford'), under which Royal agreed to purchase, and Wexford agreed to sell, a controlling interest in Rhino Resource Partners, LP in two separate transactions.

Pursuant to the Purchase Agreement, Royal purchased 6,769,112 Common Units of Rhino from three holders for total consideration of $3,500,000.

Tags: Rhino Resource Partners, Royal Energy Resources




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