Cartier Resources Inc.

Cartier Resources Inc.

September 04, 2012 11:34 ET

Cartier Announces the Closing of a $500,000 Private Placement

VAL-D'OR, CANADA--(Marketwire - Sept. 4, 2012) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") announces the closing of a private placement conducted through Meadowbank Asset Management Inc. (Gestion d'actif Meadowbank) ("Meadowbank") for aggregate gross proceeds of $500,000.

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

(a) 1,129,032 flow-through common shares at a price of $0.31 per share for aggregate gross proceeds of $350,000; and

(b) 576,923 common shares at a price of $0.26 per share for aggregate gross proceeds of $150,000.

The proceeds of the offering will be used by Cartier to conduct exploration programs and for general working capital.

Meadowbank received finder's fees aggregating $40,000. All securities issued pursuant to the offering will be subject to a four month hold period.

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.

Contact Information

  • Philippe Cloutier
    President and CEO
    Cartier Resources Inc.
    (819) 874-1331
    (819) 874-3113 (FAX)
    Toll free: 877-874-1331