Cartier Purchases a 1% NSR on the Benoist Property
11 4월 2014 - 9:30PM
Marketwired
Cartier Purchases a 1% NSR on the Benoist Property
VAL-D'OR, QUEBEC--(Marketwired - Apr 11, 2014) - Cartier
Resources Inc. (TSX-VENTURE:ECR) ("Cartier") is pleased to announce
that it has entered into an agreement to acquire a 1% net smelter
return (NSR) royalty from Murgor Resources Inc. (TSX-VENTURE:MGR)
("Murgor") on the Benoist property (the "Royalty").
Transaction Details
On March 24, 2014, Cartier received a notice setting out the
material terms and conditions of a proposed sale by Murgor to a
third party of the Royalty in an all-share transaction for a value
of $75,000.
Cartier has notified Murgor that it was exercising its first
refusal right in respect of the Royalty in an all-share transaction
for a value of CDN $75,000.00.
An aggregate of 500,000 common shares of Cartier will be issued
to Murgor at a price of $0.15 per share ($75,000).
Closing of the Acquisition is expected to occur on April 14,
2014 and is subject to the execution of a definitive agreement and
the approval of the TSX Venture Exchange Inc.
The Benoist property is 65 km northeast of the town of
Lebel-sur-Quévillon, 25 km south-east of the Bachelor mine and 25
km north-west of the Langlois mine.
About Cartier
The company's objective is to develop and maintain a balanced
portfolio of mining projects ranging from exploration to resource
definition, development and production. Its VISION is to develop
the company's current and future assets into mineral production
within a timeframe that is consistent with its human and financial
resources while respecting sustainable development practices.
Neither the TSX Venture Exchange nor its regulatory services
provider accepts responsibility for the adequacy or accuracy of
this press release.
Cartier Resources Inc.Philippe CloutierPresident and CEO819
856-0512info@ressourcescartier.comwww.ressourcescartier.com
Cartier Resources (TSXV:ECR)
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