Carpathian Gold Inc. announces C$5 million bought deal private placement
financing
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
The Underwriters will also have the option to purchase up to an additional 6,100,000 Units at the issue price for a period of up to 48 hours prior to closing for additional gross proceeds of up to C$2,013,000.
The net proceeds of the Offering will be used for exploration and development of the Company's mineral projects and general corporate purposes. The Offering is expected to close on or about
This news release is intended for distribution in
The Units to be issued under this offering will be offered by way of private placement exemptions in all the provinces of
About Carpathian
The Carpathian Gold is an exploration and development company whose primary business interest is developing near-term gold production on its 100% owned Riacho dos Machados Gold project in
Forward-looking Statements
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statements.
For further information: Dino Titaro, President & CEO, Or Mike O'Brien, Manager Investor Relations, Tel. (416) 368-7744 (CAN), Fax (416) 260-2243 (CAN), e-mail: [email protected], Website: www.carpathiangold.com; Eric Leboeuf, Investor Relations, Montreal, Tel. (514) 341-0408 or 1-866-460-0408, Fax. (514) 341-1527, e-mail: [email protected]; Toni Vallen, Seton Services, UK, Tel. +44 207 229 3177, e-mail: [email protected]
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