Resource Capital Gold Corp GDPEF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Lockdown

[lmcbain]

Hi Lockdown,

At present I have had NO indication that the company has "turned away" the $2m investment offer, but they are unlikley to do a financing for that money alone. I Assuming they do a standard financing, that offer would almost certainly be rolled into a larger financing that includes more strategic investment as well - I could be wrong, but I doubt it. 

The company needs money, of that there is no question, but that doesn't mean that they will automatically write up the papers for a partial financing offer; they may very well offer to include those investors in a financing - when one is ready, and when they have a good line on the rest of the subscribers - but until then, the offer has not been turned away, it has just been deferred.

A financing of this nature is not necessarily a given either; there are other avenues that could be taken instead and the shareholders will have ot assess if they are good moves or not if they come to fruitition.

Hope this helps.

Salut,
Leigh McBain