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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (2995)	10/21/2013 8:41:22 AM
From: Goose94	Read Replies (1) of 203605

Carpathian Gold (CPN-T) arranges for more RDM debt financing. "No I'am not Dino Titaro." Carpathian Gold Inc. is receiving continued support by Macquarie Bank Ltd. for the RDM gold project in Brazil. The corporation's wholly owned subsidiary, Mineracao Riacho dos Machados Ltda. (MRDM), which owns and operates the project, has entered into an agreement with Macquarie to provide additional debt financing for the project while strategic alternatives for the corporation and MRDM are being evaluated as mentioned in the company's previous press release of Oct. 9, 2013. While this additional debt financing will be at Macquarie's discretion, the corporation is pleased to receive this support in order to continue the advancement of the project. The project site activities are continuing at full pace and the company anticipates that the wet commissioning and start-up of the process plant could take place before the end of the month. During the wet commissioning phase, the appropriate regulatory bodies will complete their respective inspections to approve the licenca de operacao (LO). Subject to the receipt of the LO, the corporation anticipates that the project could be able start gold production in November. Further announcements of the project status will be made as advancements continue in the near future. As previously announced, the corporation has engaged Origin Merchant Partners and Paradigm Capital Inc. to conduct a strategic alternative process. To date they have solicited interest and signed up confidentiality agreements with a number of parties, and have arranged site visits to the project and access to a detailed data room for prospective strategic partners that demonstrate the potential to offer a compelling transaction alternative. The corporation is moving forward expeditiously with the strategic alternatives review process but there can be no assurance that any transaction will result. The corporation does not intend to disclose further details with respect the process unless and until the board of directors has approved a specific transaction or such disclosure is otherwise appropriate. Dino Titaro is the qualified person (as defined in National Instrument 43-101) and is responsible for preparing the technical information contained in this news release.

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