Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Recent Sales of Unregistered Securities
On May 28, 2021, we closed on the purchase of certain mineral interests using 1,087,498 common units valued at $10.8 million to fund a portion of the purchase price.
The issuance of the common units was made in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereunder. The investors are "accredited investors" (as defined in Regulation D), the investors acquired the common units for investment purposes only and not for resale, and we took appropriate measures to restrict the transfer of the common units issued.
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