June 14, 2016
CARTIER ANNOUNCES THE CLOSING OF A SECOND TRANCHE OF A PRIVATE PLACEMENT FOR A TOTAL OF $416,500
Val-d’Or, Canada, June 14, 2016 – Cartier Resources Inc. (TSX Venture Exchange: ECR) (“Cartier”) is pleased to announce the closing of a second tranche of a private placement.
This second tranche of the private placement is a flow-through private placement with accredited investors, friends and business associates and consists of 475,000 units for an amount of $66,500 without intermediate.
Thus, Cartier has issued 2,975,000 flow-through shares at a price of $0.14 per share for an amount of $416,500.
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.
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”.
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For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.