January 28, 2019
Resource Capital Gold and three of its subsidiaries, Flex Mining and Exploration, Maritime Dufferin Gold, and Maritime Gold, filed NOIs on January 28. The Vancouver, British Columbia-based group is an emerging precious metals developer and producer with a number of late stage exploration and development gold assets in Nova Scotia. After commencing operations at its Dufferin property in 2018, the group ran out of funding to continue operations. During the NOI process, the group intends to complete a sales and investor solicitation process. PwC is the proposal trustee. Counsel is DLA Piper for the secured creditor, Sprott Resource Lending, and Clark Wilson for the debtors.