Carpathian Gold Inc. announces closing of C$7,186,988 bought deal private
placement financing
/NOT FOR DISTRIBUTION TO
The underwriting syndicate was led by Canaccord Financial Ltd. and included Paradigm Capital Inc. and Blackmont Capital Inc. The offering is subject to final acceptance by the
The net proceeds of the offering will be used for exploration and development of the Company's mineral projects and general corporate purposes.
This news release is intended for distribution in
About Carpathian
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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