• TSX-V:ECR 0.15 (-0.01)
  • Volume 242000

Press releases



May 29, 2015

Cartier Resources Inc. Announces AGM Election Results

Val-d’Or, Quebec, May 29th, 2015 – Cartier Resources Inc. (the “Company”) announces that at its annual general meeting held on May 28th, 2015 that the following people were elected as directors of the Company:

Michel Bouchard

Philippe Cloutier

Mario Jacob

Jean-Yves Laliberté

Daniel Massé

The proposal to maintain the stock option plan as presented in the Management Information Circular was approved by the shareholders at the annual general meeting. The proposal allows the Company to grant a number of stock options representing a maximum of 10% of the shares outstanding (on a non-diluted basis).

The proposal to appoint Deloitte LLP as auditors of the Company as presented in the Management Information Circular was approved by the shareholders at the annual general meeting.

Following the annual meeting, the Board of Directors named the following people as officers of the Company:

Philippe Cloutier, President and Chief Executive Officer;

Gaétan Lavallière, Vice President;

Nancy Lacoursière, Interim Chief Financial Officer;

Jean-Yves Laliberté, Chairman of the board and Corporate Secretary.

Grant of Stock Options:

On May 28th, 2015, the Board of Directors awarded a total of 950,000 stock options to directors, officers and one employee of the Company. Pursuant to the terms of the Company’s stock option plan, each option grants the holder of such option the right to purchase a common share of the Company at a price of $0.105 per share no later than May 27th, 2020.

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Contact:

Philippe Cloutier

President and CEO

Cartier Resources Inc.

Telephone: (819) 874-1331

Toll free: 877 874-1331

Fax: (819) 874-3113

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.


Document(s)

150528_AGM_EN