• TSX-V:ECR 0.07 (0)
  • Volume 32100

Press releases

November 20, 2014

Cartier Sells the Diego Property to Standard Graphite

Val-d’Or, November 20, 2014 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces the sale to Standard Graphite Corporation (“Standard Graphite”) of its 100% interest in the Diego gold property in consideration for the issuance of 1,000,000 common shares of Standard Graphite. The Diego Property comprises 49 claims and is located 40 kilometres southwest of the town of Chapais, in Quebec. Cartier will retain a 2% net smelter return royalty, with each tranche of 1% NSR being redeemable for $1,000,000.

There are no cash payments and exploration expenditure commitments forming part of this transaction.

This transaction is subject to regulatory approvals and the securities will be subject to a four (4) month and one (1) day statutory hold period.

For more information, please contact :

Philippe Cloutier, P.Geo., President and CEO                 Louis Morin

Telephone :  819 856-0512                                             Investor relations

philippe.cloutier@ressourcescartier.com                    Telephone :  514 845-1101


Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.