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Resource Capital Gold completes US$5.5 million loan financing

Fasken
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Client

Resource Capital Gold

Resource Capital Gold has reached a settlement of US $8 million indebtedness, credit financing for US $5.5 million and amendments to the 1.0% NSR Royalty in relation to the Dufferin Project.
 
The $5.5 million senior secured loan was provided by Sprott Private Resource Lending LP, pursuant to a credit agreement entered into among RCG, Sprott and RCG’s subsidiaries, Maritime Gold Corp., Maritime Dufferin Gold Corp. and Flex Mining & Exploration Limited, as guarantors.
 
Fasken advised on all aspects of the transaction.

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