Jan 29 (Reuters) - Resource Capital Gold Corp RCG.V :
* ANNOUNCES FILING FOR STAY OF PROCEEDINGS ON CREDITORS
* FILED A NOTICE OF INTENTION TO MAKE A PROPOSAL UNDER BANKRUPTCY AND INSOLVENCY ACT (CANADA)
* COMPANY HAS REQUESTED A TRADING HALT OF COMPANY'S COMMON SHARES ON TSX VENTURE EXCHANGE
* RESOURCE CAPITAL -PWC HAS BEEN APPOINTED AS TRUSTEE IN PROPOSAL PROCEEDINGS OF CO, AND IN THAT CAPACITY WILL MONITOR AND ASSIST CO IN ITS RESTRUCTURING EFFORT
* RESOURCE CAPITAL GOLD - INITIAL NOI PERIOD WILL ALLOW CO TO EVALUATE ALL AVAILABLE LEGAL RECOURSES AND FINANCIAL ALTERNATIVES
* RESOURCE CAPITAL GOLD - LEGAL RECOURSES, FINANCIAL ALTERNATIVES MAY ALLOW CO TO RESUME OPERATIONAL PRODUCTION EFFORTS, CONTINUE AS GOING CONCERN