RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:15 million sale of assets coming I am not sure what you mean.
The debt for shares is equivalent to a 12c/sh investment
Lewis did a few gypsy swaps a few years back.
I haven't followed the various gypsy swaps closely.
I valued them at 5.0c/sh alongside other 5c/sh investments.
10,597,544 shares at 5.0c
+ 6,755,192 shares at 12.0c
= 17,352,736 shares at 7.7c or $1.34M
If 10.6M shares had zero value the net value is a bit lower but not zero.
10,597,544 shares at 0.0c
+ 6,755,192 shares at 12.0c
= 17,352,736 shares at 4.7c or $810,000
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12c investment
Vancouver, BC –August 19, 2016 – Resource Capital Gold Corp., TSXV: RCG (“RCG” or the
“Company”) announces today that it has entered into agreements to settle CAD$1,070,623 of
debt at a deemed price of $0.12 per share. Pursuant to these agreements, the Company will issue 6,755,192 shares to ACT2 Pty Ltd (“ACT2), to settle CAD$810,623 of debt; 1 million shares to Cove Street Pty Ltd (“Cove”) to settle CAD$120,000 of debt; 1 million shares to Mr. George Young to settle CAD$120,000 of debt.
https://www.rcgcorp.ca/assets/docs/nr/2016-08-19_NR.pdf
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https://www.newswire.ca/news-releases/rcg-completes-private-placement-for-gross-proceeds-of-1000000-607970576.html
https://www.newswire.ca/news-releases/act2-announces-update-in-ownership-of-resource-capital-gold-corp-589826841.html
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On December 22, 2016, the Company issued 4,000,000 common shares at a price of $0.25 per commonshare for gross proceeds of up to $1,000,000. The offering was carried out as a “gypsy swap”, whereby Act 2 Pty Ltd., would sell 4,000,000 Common Shares of its free trading shares of the Company to unrelated purchasers in pre-arranged trades over the facilities of the TSX Venture Exchange (the "Exchange"), after which the proceeds of the sales were invested in the Company by Act 2 in exchange for shares having a four-month and one day hold period.