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Carpathian Gold receives C$10M investment for Rovina Valley gold project development

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

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Carpathian Gold receives C$10M investment for Rovina Valley gold project development

CarpathianGold Inc. said May 9 that Forbes & Manhattan Resources Inc.will invest C$10 million in the company to help advance the gold project inRomania.

Following the private placement, Forbes will own about15.75% of Carpathian.

Forbes will subscribe to a private placement of units at 7Canadian cents apiece with each unit comprising 1 common share and 0.5 of ashare purchase warrant.

Each whole warrant will be exercisable for 1 common share at12 cents for two years.