Cartier Resources Inc.
TSX VENTURE : ECR

Cartier Resources Inc.

December 20, 2012 16:25 ET

Cartier Announces the Closing of a $400,400 Flow-Through Private Placement

VAL-D'OR, CANADA--(Marketwire - Dec. 20, 2012) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") is pleased to announce the closing of a flow-through shares private placement with six investors without intermediate agent for a total amount of $400,400.

In the aggregate, the following securities were issued by Cartier:

  • 1,430,000 flow-through shares at a price of $0.28 per share for aggregate gross proceeds of $400,400

The securities issued under flow-through shares private placement are subject to a four (4) month and one (1) day statutory hold period.

The proceeds of the offering will be used by Cartier to conduct exploration, mainly on the Benoist project which returned excellent results from the most recent drilling program.

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".

Neither, the TSX Venture Exchange or 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.

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