Resource Capital Gold announces $5M private placement

News Release

Not for distribution to United States newswire services or for dissemination in the United States

RESOURCE CAPITAL GOLD ANNOUNCES NON-BROKERED FINANCING FOR UP TO $5 MILLION

February 13, 2018 TSX-V: RCG

RESOURCE CAPITAL GOLD CORP. (TSX-V: RCG) (“RCG” or the “Company”) announces it is undertaking a non-brokered private placement for an aggregate of up to $5,000,000 of securities of RCG (the “Offering”), comprised of Units of the Company (the “Units”) at an issue price of $0.09 per Unit and units issued on a flow- through basis at a price of $0.10 per flow-through unit (the “FT Units”). Each Unit will consist of one common share (a “Common Share”) and one half of one common share purchase Warrant (a “Warrant”). Each FT Unit will be issued on a flow-through basis and consist of one Common Share and one half of one common share purchase Warrant. Each Warrant will be transferable and entitle the holder to acquire one Common Share for two years from the closing date at a price of C$0.12.

The gross proceeds from the sale of the FT Units will be used to fund work on the Company’s properties as qualifying Canadian Exploration Expenses as defined in subsection 127(9) of the Income Tax Act (Canada) which will be renounced to the subscribers with an effective date of December 31, 2018.

The net proceeds from the sale of the Units will be used for advancing the Company’s projects, working capital and general corporate purposes.

Finder’s fees may be payable on all or a portion of the Offering, and will consist of a cash fee equal to 6% on the gross proceeds received from the placement of FT Units and Units and that number of non-transferrable share purchase warrants (the “Finder Warrants”) equal to 6.0% of the FT Units and Units placed by the finders, each Finder Warrant entitling the holder to subscribe for one common share for two years from the closing date of the Offering at $0.12.

It is anticipated that the Offering will close in multiple tranches, with a final closing date no later than March 9, 2018 and will be subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and other customary conditions. All of the securities sold pursuant to the Offering will be subject to a four month hold period from the date of closing.

ON BEHALF OF THE BOARD OF DIRECTORS OF
RESOURCE CAPITAL GOLD CORP.
“Jack R. Cartmel”
Jack R. Cartmel
Interim CEO and President

For more information, please contact:
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

photo credit: Resource Capital Gold

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