8-K filed June 7, 2024, 7:59 PM ET ticker DYNR CIK 0001111741

other material confidence high sentiment positive materiality 0.85

DynaResource extends offtake to Dec 2028, gets $4M credit line, $2.5M placement, new CEO

DYNARESOURCE, INC.

Offtake agreement with Ocean Partners extended to Dec 31, 2028; $4M temporary credit line due Nov 30, 2024.
Revolving credit line to increase from $10M to $12.5M after repayment of TACL and RCL.
Rohan Hazelton appointed President, CEO, interim CFO; K.D. Diepholz becomes non-executive Chairman.
Golden Post Rail LLC to purchase 1,552,795 shares at ~$1.61/share for $2.5M.
Put option allows Ocean Partners to convert up to $9M of RCL into common stock at ~$1.61/share, exercisable Nov 1-30, 2024.

item 8.01 item 1.01 item 2.03 item 3.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Rene Mladosich

director

DYNR · DYNARESOURCE, INC.

Effective: 2024-06-03
Successor: Rohan Hazelton
Filed: June 7, 2024, 7:59 PM ET

Mr. Rene Mladosich resigned his position as a director of the Company.

Appointed (interim)

Rohan Hazelton

director, President, Chief Executive Officer, and interim Chief Financial Officer

DYNR · DYNARESOURCE, INC.

Effective: 2024-06-03
Filed: June 7, 2024, 7:59 PM ET

Mr. Rohan Hazelton, age 50, was appointed to serve as a director, filling the vacancy arising from Mr. Mladosich’s resignation, and as the Company’s new President, Chief Executive Officer, and interim Chief Financial Officer.

Departed

Koy D. Diepholz

President, Chief Executive Officer, and interim Chief Financial Officer

DYNR · DYNARESOURCE, INC.

Effective: 2024-06-03
Successor: Rohan Hazelton
Filed: June 7, 2024, 7:59 PM ET

Mr. Koy D. Diepholz resigned his position as President, Chief Executive Officer, and interim Chief Financial Officer of the Company.

Appointed

Koy D. Diepholz

non-executive Chairman of the Board of Directors

DYNR · DYNARESOURCE, INC.

Effective: 2024-06-03
Filed: June 7, 2024, 7:59 PM ET

Mr. Diepholz was appointed to serve as the non-executive Chairman of the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rene Mladosich resigned as director at DYNARESOURCE, INC..

Action: resigned
Role: director

Exact text from the filing

Mr. Rene Mladosich resigned his position as a director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Rohan Hazelton was appointed as director, President, Chief Executive Officer, and interim Chief Financial Officer at DYNARESOURCE, INC..

Action: appointed
Role: director, President, Chief Executive Officer, and interim Chief Financial Officer

Exact text from the filing

Mr. Rohan Hazelton, age 50, was appointed to serve as a director, filling the vacancy arising from Mr. Mladosich’s resignation, and as the Company’s new President, Chief Executive Officer, and interim Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Koy D. Diepholz resigned as President, Chief Executive Officer, and interim Chief Financial Officer at DYNARESOURCE, INC..

Action: resigned
Role: President, Chief Executive Officer, and interim Chief Financial Officer

Exact text from the filing

Mr. Koy D. Diepholz resigned his position as President, Chief Executive Officer, and interim Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Koy D. Diepholz was appointed as non-executive Chairman of the Board of Directors at DYNARESOURCE, INC..

Action: appointed
Role: non-executive Chairman of the Board of Directors

Exact text from the filing

Mr. Diepholz was appointed to serve as the non-executive Chairman of the Board of Directors.

View on SEC.gov

DYNARESOURCE, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-070921

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