AUSAG Resources Pty Ltd agreed to acquire Corcoran Silver Project from Resource Capital Gold Corp. (TSXV:RCG) on March 21, 2017. Under the terms of the agreement, AUSAG Resources shall pay CAD 2.7 million in cash, and also issue 43.9 million of its shares as consideration to Resource Capital. As of April 27, 2017, Resource Capital Gold Corp. received CAD 0.7 million from AUSAG Resources Pty Ltd in relation to the acquisition. Resource Capital shall use the proceeds from this sale for further expansion of its gold projects in Nova Scotia, Canada. A portion of the 43.9 million shares received as consideration is expected to be distributed to Resource Capital shareholders on the basis of up to one share of AUSAG Resources for every 4 Resource Capital shares held, subject to regulatory compliance. As of May 3, 2017, Resource Capital has received addition CAD 0.89 million of the total cash portion of CAD 2.7 million. Completion of the transaction is subject to the condition that AUSAG Resources shall seek to go public and list on the Australian Stock Exchange within 3 months from the transaction close. As of September 30, 2017, AUSAG Resources paid CAD 2.5 million ($2 million) as payments in advance to Resource Capital. As on October 10, 2017, the parties of have extended the closing date to on or about November 30, 2017. As compensation for this transaction, Resource Capital Gold will receive a 1.3% net smelter royalty, 0.3% of which can be reacquired by AUSAG within 12 months of the listing of AUSAG on the Australian Stock Exchange for CAD 0.98 million and 3.9 million Common shares of AUSAG and a 0.4% net smelter royalty can be reacquired by AUSAG within 15 months of the listing of AUSAG on the Australian Stock Exchange for CAD 1.23 million. AUSAG Resources Pty Ltd completed the acquisition of Corcoran Silver Project from Resource Capital Gold Corp. (TSXV:RCG) on February 2, 2018.