Carpathian Announces Closing of US$30 Million Gold Sale Agreement With Macquarie Bank

Carpathian Gold Inc. (TSX:CPN) reported that the company has closed its previously announced (May 5, 2010) gold sale agreement with Macquarie Bank Limited in the amount of US$30 Million for its RDM gold project in Brazil.

The press release is quoted as saying:

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 in the feasibility study stage, along with progressing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania.

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