Resource Capital Gold Corp GDPEF

***** RCG******BANKRUPT******

[LOCKDOWN]

VANCOUVER, British Columbia, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Resource Capital Gold Corp., TSXV:RCG (RCG or the Company) announces today that it has filed a Notice of Intention (the NOI) to make a proposal under the Bankruptcy and Insolvency Act (Canada) (the BIA). The initial NOI period will allow RCG to evaluate, with its partners, all available legal recourses and financial alternatives that may allow the Company to resume its operational production efforts as soon as possible and continue as a going concern. Pursuant to the NOI filing, PricewaterhouseCoopers Inc. has been appointed as the trustee in the proposal proceedings of RCG, and in that capacity will monitor and assist the Company in its restructuring effort. Following this announcement, the Company has requested a trading halt of the Companys common shares on the TSX Venture Exchange (the TSXV). There is no certainty as to timing or likelihood that the common shares will recommence trading on the TSXV or any other market.