Carpathian Gold Inc. Announces $20 Million Strategic Placement by Barrick Gold

Carpathian Gold Inc. (TSX:CPN)

is pleased to announce that it has concluded an agreement (the "Agreement") with Barrick Gold Corporation ("Barrick") for a CDN$20 Million private placement to purchase 38,461,538 common shares (the "Private Placement" and the "Common Shares") of the Corporation at a price of $0.52 per share. The Common Shares will be subject to a four-month hold period. The proceeds from the Private Placement will be exclusively applied to the Corporation's ongoing exploration and development work on its wholly owned Rovina Valley Project ("RVP") situated in west-central Romania

About Carpathian

The Corporation 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 Brazil, which is currently focusing on activities surrounding permitting and construction, along with progressing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania. On a company wide basis, the Corporation currently hosts NI 43-101 resources of 4.0 million ounces of gold in the measured plus indicated categories and 4.5 million ounces of gold in the inferred category, as well as 759.1 million pounds of copper in the measured plus indicated category and 663.1 million pounds of copper in the inferred category.

Last: 0.58 Range: 0.77-0.28 Market Cap: 225million

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Moly Mines Reports Quarter Highlights

Moly Mines Limited (TSX:MOL) (ASX:MOL) is pleased to announce the highlights of their Quarterly Activities Report and Quarterly Cashflow

Spinifex Ridge Molybdenum/ Copper Project - Financing

-- Completion of US$494 million of finance debt facilities with China
Development Bank
-- Completion of fixed price (EPC) contract and associated arrangements
with CACS of China and GR Engineering Services of Perth to build the
mine and associated infrastructure

Spinifex Ridge Iron Ore Mine

-- Forecast production rates achieved ahead of schedule and under budget.
-- Ore tonnes mined: 277,685, up 44%.
-- Ore tonnes shipped: 214,247, up 59%.
-- Gross sales revenue: A$28.5M, net sales revenue: A$23.1M.
-- Operating costs: A$58.4/t.
-- Stocks on hand: 133,000 tonnes
-- Record shipment in July 88,000 tonnes.

Corporate and Finance
-- Cash on hand: A$31.2M
-- EIG convert 19 million warrants into ordinary shares.

About the company

Moly Mines is an ASX and TSX listed resource company focused on ...

• Mining Iron Ore in the Pilbara Region of Western Australia. ... more
• Developing our world class Spinifex Ridge Molybdenum-Copper project - 170km east of Port Hedland. ... more
• Exploring for Minerals, Base Metals and project opportunities worldwide. ... more

Last: 0.65 Range: 1.77-0.50 Market Cap: 250 million

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