Apr 3 2015
Carpathian Gold Inc. advises that it has concluded a further extended forbearance and amendment agreement with Macquarie Bank Limited in respect of the project finance facility entered into between Macquarie and the Corporation's wholly-owned subsidiary, Mineração Riacho dos Machados Ltda..
The Agreement extends the previously announced forbearance period which expired on March 31, 2015 to April 15, 2015. There is no assurance that Macquarie will agree to any further extensions of the forbearance. As well, the Agreement extends the repayment date for all amounts drawn under Tranche 3 of the Facility from March 31, 2015 to April 30, 2015.
In addition, the Corporation advises that it has concluded an extended forbearance and amendment agreement with Macquarie in respect of the gold stream transactions entered into among Macquarie, the Corporation and MRDM. The previously announced forbearance period which expired on March 31, 2015 has been extended to April 15, 2015. There is no assurance that Macquarie will agree to any further extensions of the forbearance.
Source: http://www.carpathiangold.com/