Carpathian's Macquarie forbearance extended to May 2

mineral exploration and development

Romania, Hungary & Brazil - N.I. 43-101, 5.09 M oz & inferred 5.66 M oz of Gold plus 175.0 M lbs of Copper .

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Carpathian's Macquarie forbearance extended to May 2

posted on Apr 11, 2014 04:41PM

Once again, no surprise here. SMF

Carpathian's Macquarie forbearance extended to May 2

2014-04-11 12:37 ET - News Release

Mr. Guy Charette reports

CARPATHIAN GOLD INC. PROVIDES CORPORATE UPDATE

Carpathian Gold Inc. has concluded a further 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. The agreement extends the previously announced forbearance period which expired on April 11, 2014, to May 2, 2014. As of today, Macquarie has advanced an aggregate of approximately $150-million (U.S.) to MRDM under the facility. There is no assurance that Macquarie will agree to any further extensions of the forbearance.

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