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EXCEL - IDEA: XBRL DOCUMENT - ROYAL MINES & MINERALS CORPFinancial_Report.xls
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SUBSEQUENT EVENTS
12 Months Ended
Apr. 30, 2012
SUBSEQUENT EVENTS [Text Block]
15.

SUBSEQUENT EVENTS

   
 

On June 14, 2012 the Company entered into a convertible note agreement for $600,000 broken into $100,000 tranches. The convertible note bears interest at 8% per annum, is unsecured, and each tranche matures 180 days following the advancement. The note is convertible into units at $0.05/un it, with a unit consisting of 1 share of the CompanyÂ?s common stock and 1 warrant exercisable at $0.10 / share for one year.