GREY:GDPEF - Post by User
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LOCKDOWNon Feb 07, 2019 4:34pm
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Post# 29334674
****** RCG. *******
****** RCG. ******* The decision to file the NOI’s was made because Resource Capital had run out of financing and as a result faced a liquidity crisis that meant it was unable to continue to pay its debts as they came due. Resource Capital intends to conduct a sales process in order to find a purchaser for its assets and
Resource Capital is prevented by legislation from paying for amounts for goods and services supplied prior to the filing date of January 28, 2019. All goods and services provided after the filing date will be paid in full on mutually agreeable terms. At this time it is not necessary to file a proof of claim or any document evidence evidencing debts owed to you. Additional information concerning this will be sent to you by the Trustee in due course.
The Trustee has set up a website (details below) to which it will post further status updates and copies of any relevant materials, as they become available during the BIA proceedings.
www.pwc.com/ca/resourcecapital
If you have any questions regarding the proceedings please contact the Trustee via the contact details on its website.
Yours Truly,
Jack R. Cartmel,
Chief Financial Officer (Interim CEO/President)
Resource Capital Gold Corp., Suite 500, 666 Burrard Street, Vancouver BC V6C 3P6 T +1 604 642 6114 E info@rcgcorp.ca W rcgcorp.ca
Please be advised that on January 28, 2019, Resource Capital Gold Corp., Flex Mining and
Exploration Limited, Maritime Dufferin Gold Corp., and Maritime Gold Corp., (collectively
“Resource Capital”) each filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to Section
50.4(1) of the Bankruptcy and Insolvency Act (“BIA”) and PricewaterhouseCoopers Inc. LIT
(“PwC”) was named as trustee under the NOI (the “Trustee”).
is working co-operatively with its financier and major secured creditor to arrange
interim funding to ensure it can continue to mainta