Origin Merchant Securities Inc. is pleased to announce Carpathian Gold Inc. (“Carpathian) has agreed to a private placement of ten million dollars (CAD$10,000,000) from Forbes & Manhattan Resources Inc. (“F&M”). The net proceeds will be used to advance Carpathian’s Rovina Valley Gold Project in Romania.
Origin Merchant Securities Inc. acted as financial advisor to Carpathian with respect to this transaction.
Carpathian Gold Inc. (CSE: CPN) is an exploration and development company whose primary asset is the Rovina Valley Au-Cu Project located in Romania.
Forbes & Manhattan is a private merchant bank with a global focus on the resource-based sectors. F&M is headquartered in Toronto, Ontario, Canada with offices, operations and assets across the globe.