Cartier Annouces the Closing of Two Private Placements for a Total of $819,784
19 Dicembre 2013 - 3:00PM
Marketwired
Cartier Annouces the Closing of Two Private Placements for a Total
of $819,784
VAL-D'OR, CANADA--(Marketwired - Dec 19, 2013) - Cartier
Resources Inc. (TSX-VENTURE:ECR) ("Cartier") is pleased to announce
the closing of two private placements without intermediate.
- The first private placement is a non-flow-through with two
Québec Institutional Funds and consists of 2,500,000 units for an
amount of $250,000.
- The second private placement is a flow-through private
placement with accredited investors, directors, officers, friends
and business associates for an amount of $569,784.
Each unit of the non-flow-through private placement at a price
of $0.10 per unit is comprised of one (1) common share and one (1)
common share purchase warrant entitling the holder to subscribe for
one (1) common share at a price of $0.16 for a period of 24 months
following the closing date.
Thus, an aggregate of 2,500,000 common shares and 2,500,000
common share purchase warrants were issued.
Under the flow-through private placement, the following
securities were issued by Cartier, 3,561,150 flow-through shares at
a price of $0.16 per share for an amount of $569,784.
The securities issued under both private placements are subject
to a four (4) month and one (1) day statutory hold period.
The proceeds of both placements will be used by Cartier to
conduct exploration, mainly on the Benoist project which returned
excellent results from the most recent drilling program.
This press release is not an offer or a solicitation of an offer
of securities for sale in the United States. The securities have
not been and will not be registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration.
The common shares of Cartier Resources Inc. are listed on the
TSX Venture Exchange under the symbol "ECR".
Neither, the TSX Venture Exchange or its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Philippe CloutierPresident and CEOCartier Resources Inc.819
874-1331 or Toll-free : 877 874-1331819
874-3113info@ressourcescartier.comwww.ressourcescartier.com
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