Carpathian Gold receives second Macquarie drawdown

2014-02-07 11:49 ET - News Release

Mr. Guy Charette reports

Carpathian Gold Inc. has concluded a new extended forbearance and amendment agreement with Macquarie Bank Ltd. in respect of the project finance facility entered into between Macquarie and the corporation's wholly owned subsidiary, Mineracao Riacho dos Machados Ltda., and has received a second drawdown provided for under this agreement. The agreement extends the previously announced forbearance period, which expired on Feb. 7, 2014, to Feb. 21, 2014. There is no assurance that Macquarie will agree to any further extension of the forbearance nor that it will permit MRDM to draw down the balance of the funds available under this agreement.