CPN-v: Carpathian Gold - Page 6  

Good call Oto:

I'm in too

I only wish I had REV and ASG too! Congrats on God status Oto. Haha. I've got some shares at 66c.

Just put in a lowball buy order at 63c. See if I get a taker.

Any word on those drill results ? Stock is at 0.60 cents right now - any reason for the almost 8% drop today ?

This one is taking a hit today again..... seems to me their's only a few that are resisting the recents downfalls. Being NSM, CMM and PLE.

hammer time on this one yesterday...going to run soon.

looks like some A C C U M U L A T I O N had been going on.

TORONTO, May 11 /CNW/ - CARPATHIAN GOLD INC. (TSX-V: CPN) (the "Company") is pleased to announce that it has entered into an agreement to issue, on a "best efforts" agency basis with Jennings Capital Inc. as lead agent and Wellington West Capital Markets Inc. as agent (collectively the "Agents"), a private placement offering (the "Offering") of 11,666,666 Units of the Company at a price of $0.60 per Unit to raise gross proceeds of $7,000,000. Each Unit comprises one common share and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder, upon exercise, to acquire one common share for a period of 24 months after the closing of the Offering at a price of $0.90. The Company will pay the Agents, subject to a President's List exclusion, a cash commission equal to 7% of the gross proceeds, and will issue upon closing broker's warrants equal to 7% of the units issued under the Offering.



At the option of the Agents, prior to closing the Offering, the Offering may be increased by up to 5,000,000 units at a price of $0.60 per Unit for further gross proceeds of $3,000,000, which would increase the Offering to $10,000,000 if fully subscribed.



The securities issued in the Offering will be subject to a hold period of four months plus one day from the closing. After the expiration of the hold period the Company has the right to accelerate the expiry date of the warrants if the closing price of the Company's common shares exceeds $1.25 for a period of 20 consecutive trading days.



The financing is scheduled to close on or about May 31, 2006 and is subject to regulatory approval and completion of definitive documentation.
Proceeds from the Offering will be used to fund ongoing exploration and development activities on the Company's Rovina License in central Romania, which includes the Colnic Gold Porphyry Project and Rovina Copper Gold Porphyry Project, and for working capital purposes.

Otobong, you've been quite quiet with the decline on this one - any thoughts with what's going on ?

new 52 week high coming shortly.

Myz, IMO, CPN has formed a bullish flag, the duration of which has seen plenty of accumulation and gives the moving averages time to catch up with the pps. Looking at Bingo's chart, the price is now supported by the 50-day EMA, with resistance at the 20-day EMA. Draw a trendline connecting the highs of the last 2 months trading and look for a break of that trend--this would signal a breakout. Otherwise, technical indicators have started to come off bottoms, painting a bullish picture. Disclosure: I do not currently hold CPN.

Thanks for the response Umpolung, I really appreciate it !

Nice to see this one back on the upswing. Back to 52 cents now.
(up 4 cents).

60 cents! Glad I kept it.

I picked up 10K shares at .47 last week to bring my average down to .58, rebuying after selling at .70 and buying at .25 then getting back in at .65.
A PR would be nice in the upcoming week.

Back up to 64 cents now! NR should be out soon. GLTA

66 cents1

Canaccord doing most of the buying.

Lots of action today. Back to 65 cents. Couldn't help but pick up some more today. News should now be just around the corner. GLTA