Resource Capital Gold Corp. (TSXV:RCG) entered into definitive agreement to acquire 90% stake in Dufferin Gold Mine for $9.5 million on September 9, 2016. As per the terms of consideration Resource Capital Gold Corp. (TSXV:RCG) will pay $9.5 million plus a net smelter royalty (NSR) of 1.0%. $1.1 million is payable upon settlement (with $0.4 million already paid in the form of a purchase deposit). The remaining $8 million is payable in equal installments over the following five years, with the net smelter royalty payable from the fifth year. Paul Fornazzari, Kar Cheong Miu, Steven Saville, Myroslav Chwaluk and Martin Ferreira Pinho of Fasken Martineau DuMoulin LLP acted as legal advisors to Resource Capital Gold Corp. Resource Capital Gold Corp. (TSXV:RCG) completed the acquisition of 90% stake in Dufferin Gold Mine on October 7, 2016.