The Prospector News

Cartier Closes Private Placement Financing

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Cartier Closes Private Placement Financing

 

 

 

 

 

Cartier Resources Inc. (TSX-V: ECR) announces that it has closed its previously announced private placement for aggregate gross proceeds of $1,820,000. A total of 14,000,000 units of Cartier were issued at a price of $0.13 per Unit. Each Unit consisted of one common share of Cartier and one half Common Share purchase warrant, each whole warrant entitling the holder to subscribe for one Common Share at a price of $0.16 for a period of thirty-six months following the closing date of the Private Placement. Agnico Eagle now owns approximately 17.7% of the issued and outstanding Common Shares on a non-diluted basis and 19.7% 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 $7.0M and significant corporate and institutional supports, notably with Agnico Eagle, O3 Mining and the Quebec investment funds.

 

Posted May 24, 2022

Share this news article

MORE or "UNCATEGORIZED"


High-Grade Gold up to 42.3 g/t Confirmed in First Two Drillholes at Bousquet

High-Grade Gold up to 42.3 g/t Confirmed in First Two Drillholes ... READ MORE

July 28, 2025

NexMetals Achieves an Initial 15.2% Head Grade Increase at Selebi North Using Modern Technology Demonstrating High Recoveries and Significant Waste Reduction

NexMetals Mining Corp. (TSX-V: NEXM) (NASDAQ: NEXM) reports initi... READ MORE

July 28, 2025

Midland Announces Closing of $6.1 Million Private Placement with Strategic Investment from Centerra Gold

Midland Exploration Inc. (TSX-V: MD) is pleased to announce the c... READ MORE

July 28, 2025

Antimony Resources Corp. (ATMY) (K8J0) Intersects More Massive Antimony-Bearing Stibnite ("Sb"), Assays up to 14.91% Sb over 3.3 Meters Including a Zone of Massive Antimony-Bearing Stibnite Which Returned 34% Sb over One Meter

Antimony Resources Corp. (CSE: ATMY) (FSE: K8J0) reports that ass... READ MORE

July 28, 2025

Surge Reports Significant Amounts of Critical Minerals Rubidium and Cesium Contained Within its Nevada North Lithium Project

Surge Battery Metals Inc. (TSX-V: NILI) (OTCQX: NILIF) (FSE: DJ5... READ MORE

July 28, 2025

Copyright 2025 The Prospector News