Brief: Sulliden Minerals announces investment of $5 mln in Carpathian Gold

Euro Sun Mining

19/05/2016 14:26

May 19 (Reuters) - Sulliden Minerals SA  SMC.TO   
    * Sulliden announces investment of $5 million in Carpathian 
Gold; Sulliden representatives to be appointed to the Carpathian 
board of directors 
    * Entered agreement with Carpathian Gold to buy 71.4 million 
units of Carpathian at CAD$0.07 per unit for total consideration 
of CAD$5 million 
    * Each warrant will allow sulliden to acquire one common 
share of Carpathian at a price of CAD$0.12 for a period of two 
years 
 
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