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Cartier Resources Inc. (TSX-V: ECR) ("Cartier") Announces the results of the mineral resource estimate of the Central Gold Corridor of the Chimo Mine property, located 45 km east of Val-d'Or. The estimate, completed and made available on November 4th, 2019, was prepared by Mr. Christian D'Amours, P. Geo., B. A. Sc. from GeoPointCom Inc., an independent Qualified Person as defined by NI 43-101.
Cartier Resources Inc. (TSXV: ECR) (the “Corporation” or “Cartier”) announced today that it has closed its previously announced private placement (the “Offering”) for aggregate gross proceeds of C$2,943,487. A total of 11,429,048 flow-through common shares of the Corporation at a price of C$0.21 per share, and 1,940,667 flow-through common shares at a price of C$0.28 per share which were donated by the initial purchasers to charity, were issued. The Offering was completed through Desjardins Securities Inc.
Cartier Resources Inc. (TSXV:ECR) (the “Company”, “Cartier Resources” or “Cartier”) announces that it has entered into an agreement with Desjardins Securities Inc. (the “Agent”), under which the Agent has agreed to sell, on a marketed private placement basis, 11,428,571 flow-through common shares (the "Initial Tranche A Flow-Through Shares") of the Company at a price of C0.21 per Initial Tranche A Flow-Through Share, and a further 1,940,667 flow-through common shares which the Company understands may be donated by the initial purchasers to charity (the "Initial Tranche B Flow-Through Shares", and together with the Initial Tranche A Flow-Through Shares, the “Initial Flow-Through Shares”) of the Company at a price of C$0.28 per Initial Tranche B Flow-Through Share for total gross proceeds of C$2,943,387 (the "Offering").
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Founded in 2006, Cartier Resources Inc. is an exploration company focused on the Abitibi gold belt in Quebec, one of the best mining territories in the world.
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