Realgold Resources Corp. entered into a binding letter of intent to acquire Rockwealth Resources Corp. (TSXV:RWR) in a reverse merger transaction on August 28, 2019. Realgold Resources Corp. entered into a binding agreement to acquire Rockwealth Resources Corp. (TSXV:RWR) in a reverse merger transaction on September 12, 2019. Under the transaction, Rockwealth will acquire all of the issued and outstanding common shares in the capital of Realgold and all of the securities of Realgold convertible into common shares of Realgold. Rockwealth Resources Corp. will issue its shares to the shareholders of Realgold Resources Corp. based on a 1:1 ratio. In addition, all the outstanding common share purchase warrants of Realgold Resources Corp. will be exchanged for common share purchase warrants of Rockwealth Resources Corp. based on a 1:1 ratio. Immediately after the closing of the transaction, it is expected that the existing shareholders of Realgold will hold approximately 82% of the common shares of the Resulting Issuer on an undiluted basis and not including the Private Placement. Pursuant to the transaction, the shareholders of Realgold will receive 68.48 million common shares and 12.19 million common share purchase warrants of the Resulting Issuer. On or before the closing of the transaction, it is proposed that Realgold Resources Corp. will complete a financing by way of a non-brokered private placement to raise a minimum of CAD 5 million and up to a maximum of CAD 10 million at an intended price of CAD 0.35 per subscription receipt. Each subscription receipt will, prior to the effective time of the transaction, automatically convert into one common share of Realgold Resources Corp. and one half of one common share purchase warrant of Realgold Resources Corp. On October 2, 2019, Rockwealth Resources Corp. agreed to provide a loan for a principal amount of CAD 0.25 million to Realgold Resources Corp. in connection with the transaction. Upon completion of the transaction, the resulting entity will carry on the business currently conducted by Realgold Resources Corp. and will cease to carry on the business currently being conducted by Rockwealth Resources Corp. Under the transaction, the resulting company will be renamed "Realgold Resources Corp." It is the intention of Rockwealth Resources Corp. that it will sell, transfer, or otherwise dispose of its Tayson property located in the Philippines and associated liabilities subsequent to the completion of the transaction. In connection with the transaction it is intended that Rockwealth Resources Corp. will be re-named as the parties may reasonably agree upon and as is acceptable to the Exchange and the registrar. The Board of Directors of the resulting entity shall be restructured through resignations and appointments, so that it shall consist of 4 directors with Realgold Resources Corp. selecting 2 board members and Rockwealth Resources Corp. selecting 2 board members. Concurrent with the closing of the transaction, the Board of Directors and management of Rockwealth will be reconstituted. The first directors of the Resulting Issuer will be Douglas Kirwin (Chair), Devinder Randhawa, Ross McElroy and Jean Cline. The first officers of the Resulting Issuer will be Devinder Randhawa as Chief Executive Officer and Latika Prasad as Chief Financial Officer and Corporate Secretary. The transaction is conditional upon receipt of all necessary regulatory and third-party consents, approvals, including, but not limited to, acceptance of the transaction by the TSX Venture Exchange, completion of due diligence to the satisfaction of the parties, approval by the Board of Directors of each of Rockwealth Resources Corp. and Realgold Resources Corp., completion of private placement, the execution of a definitive agreement, and approval by the shareholders of Realgold Resources and Rockwealth Resources. Rockwealth Resources Corp. will have until October 31, 2019 to conduct due diligence on Realgold Resources Corp., with a view to negotiating the terms of a definitive in order to complete the transaction. Realgold Resources Corp. cancelled the acquisition of Rockwealth Resources Corp. (TSXV:RWR) in a reverse merger transaction on July 9, 2020.