Golden Post Rail, LLC - Oct 6, 2021 Form 4 Insider Report for DYNARESOURCE INC (DYNR)

Role: Director, 10%+ Owner
Signature: /s/ Matthew K. Rose, manager
Stock symbol: DYNR
Transactions as of: Oct 6, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/8/2021, 05:00 PM
Next filing: Jun 30, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DYNR	Convertible Promissory Note	Other		-1.25M	-100%		0	Oct 6, 2021	Series D Convertible Preferred Stock	1.25M	$2.00	Direct	F1, F2, F3
holding	DYNR	July 2020 Warrant (Right to Buy)						2.65M	Oct 6, 2021	Common Stock	2.65M	$2.05	Direct	F2, F3, F4, F5
holding	DYNR	2020 Warrant (Right to Buy)						784K	Oct 6, 2021	Common Stock	784K	$0.01	Direct	F2, F3, F5, F6
holding	DYNR	Series C Convertible Preferred Stock						1.73M	Oct 6, 2021	Common Stock	2.46M	$2.05	Direct	F2, F3, F5, F7, F8
holding	DYNR	2015 Warrant (Right to Buy)						2.31K	Oct 6, 2021	Common Stock	2.71K	$2.05	Direct	F2, F3, F5, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The convertible promissory note (the "Note") in favor of Golden Post Rail, LLC ("Golden Post") was called for redemption by the issuer in full pursuant to its terms.
F2	Matthew K. Rose is the Manager, President, Secretary and Treasurer of Golden Post and may be deemed to beneficially own the securities held by Golden Post. Mr. Rose disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein. Mr. Rose states that neither the filing of this statement nor anything herein shall be deemed an admission that Mr. Rose is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of these securities. As a result of certain contractual rights, the reporting persons may be deemed to be a director by deputization with respect to the issuer.
F3	The reporting persons may be deemed to be a member of a group with respect to the issuer or securities of the issuer for purposes of Section 13(d) or 13(g) of the Exchange Act. The reporting persons declare that neither the filing of this statement nor anything herein shall be construed as an admission that such persons are, for the purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, a member of a group with respect to the issuer or securities of the issuer.
F4	The common stock purchase warrant issued to Golden Post on July 1, 2020 (the "July 2020 Warrant") is subject to anti-dilution adjustments for stock splits, stock dividends, and similar matters.
F5	Immediately exercisable.
F6	The common stock purchase warrants (the "2020 Warrants") are subject to anti-dilution adjustments for stock splits, stock dividends, and similar matters.
F7	The conversion price, and the number of shares of common stock into which the shares of Series C Senior Convertible Preferred Stock (the "Series C Preferred Stock") is convertible, are subject to anti-dilution adjustments, which generally provide that the shares of Series C Preferred Stock retain their percentage ownership of each of the fully diluted outstanding shares of common stock of the issuer and the equity held by the issuer in one of its subsidiaries. The amount of underlying securities also includes 344,471 shares of common stock that may be issuable upon conversion of the Series C Preferred Stock as a result of accrued and unpaid dividends as of June 30, 2020. Any increase or decrease in the number of shares of common stock issuable upon the conversion of the Series C Preferred Stock as a result of any prior or subsequent increase or decrease in accrued and unpaid dividends is exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9(a) thereunder.
F8	The shares of Series C Preferred Stock have no expiration date.
F9	The number of shares of common stock for which the 2015 Warrants are exercisable is subject to anti-dilution adjustments, which generally provide that the 2015 Warrants will retain their aggregate percentage ownership of each of the fully diluted outstanding shares of common stock of the issuer and the equity held by the issuer in one of its subsidiaries. In connection with any such anti-dilution adjustment, the exercise price per share decreases such that the aggregate exercise price of the warrant remains constant.