RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:15 million sale of assets coming
A couple of more points on Lewis' Gypsy swaps ...
The Aug 10 2016 gypsy swap was part of a 25,000,000 share private placement that increased the RCG share count from ...
45,340,954
70,340,954
Trivia. 10,597,554 of the underwater Reliance shares were not sold.
RCG it reported as ..
On August 10, 2016, the Company completed a non-brokered private placement for 25,000,000 common shares at a subscription price of $0.12 per common share for gross proceeds of $3,000,000. As part of the non-brokered private placement an additional 1,150,000 common shares were issued to finders as well as cash payment totaling $150,000.
ACT2 it reported it as ...
SYDNEY, Australia, Aug. 10, 2016 /CNW/ - ACT2 Pty Limited ("ACT2") GPO Box 2895, Sydney NSW 2001 Australia announces that it sold 10,597,554 Common Shares of Resource Capital Gold Corp. (the "Company") in pre-arranged trades pursuant to a previously announced "gypsy swap" conducted in connection with a private placement of an aggregate of 25,000,000 Common Shares of the Company. Concurrently, ACT2 acquired an aggregate of 10,597,554 Common Shares of the Company under the private placement.
The net effect of the transactions is that ACT2's ownership of Common Shares of the Company remains at 10,597,554 Common Shares and its percentage ownership of the Company decreased from 19.9% to 13.58% as a result of the Company's private placement.