Resource Capital Gold Corp GDPEF

RE:RE:A few "more" added notes

[lmcbain]

1. Corcoran money is long since spent. The deal was essentially never reversible, so the funds were free to be used. The deal just had some closing components that had the potential to not occur. In this case the share issuance will never happen because the new company never launched, so they are not being transferred to Gary's company in payment for the last 10% ownership in the RCG projects, so Gary still owns that (thru his company).
2.  I don't explicitly know why the meeting date was changed, but I am personally sorry to see the change as I would have been able to attend the 14th and cannot make the 28th.
3. Yes, I am aware of Sprott's involvement in the MAE financing, it could possibly affect the meeting date, but I don't actually know that it did. There are some regional benefits to be seen with some form of MAE and RCG merger, but it doesn't appear to be an absolute slam dunk. Having said that they has been discussion that Sprott would like to put together a significant regional player in the maritimes and that could just be a partial step - all speculation and it only looks like a partial fit, but I am not privvy to those larger regional plans so the fit might be better than it appears on the surface.

I hope this helps.

Salut,
Leigh McBain