BRIEF-Carpathian Gold announces cornerstone investment from Forbes and Manhattan

Mon May 9, 2016 8:45am EDT
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May 9 (Reuters) - Carpathian Gold Inc :

* Forbes & Manhattan Resources, associated entities will subscribe to private placement of units

* Private placement of units for a minimum amount of ten million dollars

* Private placement to advance Rovina Valley Gold project in romania

* Forbes will be entitled to appoint that number of additional directors in order to provide it with a majority on corp's board Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)