Resource Capital Issues Shares for Debt
VANCOUVER, B.C., Nov. 10, 2017 (GLOBE NEWSWIRE) -- Resource Capital Gold Corp., (TSX-V:RCG) (“RCG” or the “Company”), announces that a total of CDN $40,000 owed for legal fees has been settled in common shares in the company at a deemed price of 0.11 per share. A total of 363,636 shares will be issued to settle this amount and will have a four month hold from date of issuance.
The Company also would like to amend its September 14, 2017 News Release that announced 9,250,000 stock options would be issued at an exercise price of $0.20 for a three (3) year period ending September 13, 2020. The stock options were issued later than anticipated and therefore the expiry date will end on October 16, 2020.
On behalf of the Board of Directors of Resource Capital Gold Corp.
George S. Young
CEO
For further Information please contact:
George S. Young at (604) 642 6114
Resource Capital Gold Corp.
Vancouver Park Place
666 Burrard Street, Suite 500
Vancouver V6C 3P6
BC Canada
P +1 604 642 6114
E info@rcgcorp.ca
rcgcorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.