Resource Capital Gold Corp GDPEF

RE:End of June: Leigh for President!

[lmcbain]

Just a couple of quick notes:

1.> I am now satisfied that the administrative fee required by IBK has indeed been paid and am reasonably sure that the money was put up by management / board of directors.
2.> I have been told that we now have a board approved Use of Proceeds that has been provided to IBK as part of the required components of the Offering Memorandum.
3.> I have been told that all requested documentation to complete the Offering Memorandum has now been provided (requested of the company by IBK).
4.> Have confirmation that IBK does intend to work with RI to attempt to facilitate the raise.

All of the above is good news; however, none of the above guarantees the completion / close of a raise. My best guess is that any true marketing of the company by IBK is only really getting rolling now and I also expect that we will see some news releases out of the company to help support that marketing effort.

There are a few NRs that can be put out before any cash comes in, and the would truly be useful 1.> a project update on Anggrek, which has just recently received drill permitting yet has not really ever been introduced to the investor community.
2.> an update on the status of the Feasibility Study and the Environmental Impact study that have been started and yet have only been loosely mentioned in the NR that announced Nick as President.

There are things that can be done. Only results will show that they get done right.

Salut,
Leigh McBain