Carpathian Obtains Up to US$97 Million for the Construction of the RDM Gold Mine, Brazil
TORONTO, ONTARIO--(Marketwire - Oct. 5, 2011) - Carpathian Gold Inc. (TSX:CPN)(the "Corporation" or "Carpathian") is pleased to announce that its Board of Directors has approved the execution by the Corporation of a committed underwriting with Macquarie Bank Limited ("Macquarie Bank") for a Project Loan Facility ("Facility") ranging from US$75 to US$97million and associated currency and commodity price protection facilities to fund the construction and development of the Corporation's Riacho dos Machados Gold Project (the "Project") in Brazil.
