On March, 16, 2018, Resource Capital Gold Corp. (TSXV:RCG) closed the transaction. The company issued 2,333,333 units and 4,400,000 flow-through units for gross proceeds of CAD 650,000.02 in the second and final tranche. The company paid a finder’s fees to eligible persons a cash commission equal to 6% of the proceeds raised from subscribers introduced to the company by such finders, and issued finder warrants equal to 6% of the securities purchased by such subscribers in the second tranche. Each finder warrant entitles the holder thereof to purchase one common share for a period of two years from the closing of the offering at a price of CAD 0.12 per common share. The company received aggregate gross proceeds of CAD 2,850,000.01 in the transaction. The transaction involved participation from professional group in the transaction for 2,300,000 flow-through units. Closing of the transaction is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued under the transaction are subject to a four-month and one day statutory hold period pursuant to applicable securities legislation.