Golden Post Rail, LLC - Jun 27, 2024 Form 4 Insider Report for DYNARESOURCE INC (DYNR)

Role
Director, 10%+ Owner
Signature
Golden Post Rail, LLC, By: /s/ Matthew K. Rose, manager
Stock symbol
DYNR
Transactions as of
Jun 27, 2024
Transactions value $
$2,500,000
Form type
4
Date filed
7/1/2024, 04:05 PM
Previous 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 Series E Convertible Preferred Stock Purchase $2.5M +1.55M $1.61 1.55M Jun 27, 2024 Common Stock 1.55M $1.61 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Series E Convertible Preferred Stock of DynaResource, Inc. (the "Issuer") issued by the Issuer to Golden Post Rail, LLC ("Golden Post") pursuant to the Stock Purchase Agreement, dated as of June 26, 2024, by and between Golden Post and the Issuer. The Shares of Series E Convertible Preferred Stock are convertible on a one-to-one basis into shares of common stock of the Issuer at any time, at the holder's election, and have no expiration date. The conversion price and the number of shares of common stock into which the shares of Series E Convertible Preferred Stock are convertible are subject to adjustments for stock splits, combinations, dividends and distributions.
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.