Faruqi & Faruqi, LLP Launches An Investigation Against Royal Mines and Minerals Corporation (RYMM) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors ofRoyal Mines and Minerals Corp.
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.
Request more information now by clicking here:www.faruqilaw.com/RYMM. There is no cost or obligation to you.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.
If you own common stock in Royal Mines and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/RYMM or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: 877-247-4292
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