GREY:GDPEF - Post by User
Comment by
LeftBookon Jul 31, 2019 9:49am
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Post# 29978893
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does ML7 still need a listing ?
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does ML7 still need a listing ? Hmmmm.
In Sept 2016, RCG announced that Eric Sprott would participate in the $5M private placement with proceeds being used to acquire Tangier and Forest Hill.
In Dec 2018, RCG announced the credit facility secured by all assets.
Sprott Lending effectively acquired Tangier and Forest Hills (and Dufferin) from the RCG shares controlled by 2176423 Ontario.
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September 28, 2016
RCG ANNOUNCES PROPOSED PRIVATE PLACEMENT INCLUDING INVESTMENT BY ERIC SPROTT
$5M at 20c/sh
The Company intends to use the proceeds of the private placement to complete the purchase of the Forest Hill and Tangier mines and other mineral properties, and for working capital and other general corporate purposes.
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December 11, 2017
RESOURCE CAPITAL GOLD ANNOUNCES SETTLEMENT OF USD $8 MILLION INDEBTEDNESS, CREDIT FINANCING FOR USD $5.5 MILLION AND AMENDMENTS TO THE 1.0% NSR ROYALTY IN RELATION TO THE DUFFERIN PROJECT