Cartier Closes Private Placement Financing
10 5월 2023 - 6:07AM
Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”)
announces that it has closed its previously announced private
placement (the “Private Placement”) for aggregate gross proceeds of
$204,000. 1,457,143 common shares of Cartier (each, a “Common
Share”) were issued at a price of $0.14 per Common share. Agnico
Eagle now owns approximately 15.55% of the issued and outstanding
Common Shares on a non-diluted basis and 17.33% of the issued and
outstanding Common Shares on a partially-diluted basis.
The proceeds from the Private Placement are
expected to be used for exploration at Cartier’s Chimo Mine project
in the Val-d’Or Mining Camp in Quebec.
The securities issued under the Private
Placement will be subject to a four (4) month statutory hold
period.
About Cartier
Cartier Resources Inc., which was founded in
2006, is an exploration company based in Val-d’Or. Cartier’s
projects are all located in Quebec, which regularly ranks among the
best mining jurisdictions in the world. Cartier is advancing the
development of its flagship Chimo Mine project and actively
exploring its other projects. Cartier has a solid cash position
exceeding $4.0M and significant corporate and institutional
supports, notably with Agnico Eagle, O3 Mining and the Quebec
investment funds.
Cautionary Statement
Certain statements contained in this press
release constitute forward-looking information under the provisions
of Canadian securities laws including statements about the
Company's plans. Such statements are necessarily based upon a
number of beliefs, assumptions, and opinions of management on the
date the statements are made and are subject to numerous risks and
uncertainties that could cause actual results and future events to
differ materially from those anticipated or projected. The Company
undertakes no obligation to update these forward-looking statements
in the event that management's beliefs, estimates or opinions, or
other factors should change, except as required by law.
For more information,
please contact: |
|
|
Philippe Cloutier,
P.Geo. |
President and CEO,
Cartier Resources |
Telephone: |
819 856-0512 |
E-mail: |
philippe.cloutier@ressourcescartier.com |
|
www.ressourcescartier.com |
Neither the TSX Venture Exchange nor its
regulatory services provider accepts responsibility for the
adequacy or accuracy of this press release.
Cartier Resources (TSXV:ECR)
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Cartier Resources (TSXV:ECR)
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