• TSX-V:ECR 0.08 (0)
  • Volume 254650

Press releases

June 15, 2010

Cartier Resources Inc Announces Closing of a $580,000 Financing

Val-d’Or, Quebec, June 15th, 2010 – Cartier Ressources Inc. (“Cartier”) (TSX Venture Exchange: ECR) is pleased to announce the closing of a private placement with Fonds de solidarité des travailleurs du Québec (F.T.Q.), Fonds régional de solidarité FTQ Nord-du-Québec, Sidex, s.e.c., Sodémex II s.e.c. and Société de développement de la Baie-James for gross proceeds of 580,009.50 $. Cartier issued 1,657,170 units at a price of $0.35 per unit, with each unit consisting of one (1) common share and one (1) common share purchase warrant, each warrant entitling the holder to subscribe for one (1) common share at a price of $0.45 for a period of two (2) years following the closing date.

The units are subject to a hold period which will expire on October 15th, 2010.

Part of the proceeds of the offering, will be used by Cartier to complete its Dollier and Diego exploration programs and for general working capital.

For further information: please contact:

Philippe Cloutier

President and CEO

Cartier Resources Inc.

Telephone: (819) 874-1331

Toll free: 1-877 874-1331

Fax: (819) 874-3113

Neither TSX Venture Exchange nor 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.

– 30 –