Re: Loan to Fund Proof of Process and Establish Pilot PlantRoyal Mines And • June 20th, 2012 • Royal Mines & Minerals Corp • Metal mining
This will confirm our agreement with respect to Phoenix PMX LLC (“PPMX”) providing us with funding of up to $600,000 for the purposes of proving our proprietary licensed Cholla Process (the “Technology”) and to establish pilot operations utilizing the Technology at our plants in Scottsdale and Phoenix, AZ (the “Plants”).
