September 02, 2016 14:48 ET
VAL-D'OR, QUEBEC--(Marketwired - Sept. 2, 2016) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") announces the closing of a private placement for gross proceeds of $100,000. In total, Cartier issued 667,000 units (the "Units") at a price of $0.15 per Unit, with each Unit consisting of one (1) common share at a price of $0.15 per share and one (1) common share purchase warrant, each warrant entitling the holder to subscribe for one (1) common share at a price of $0.20 for a period of twelve (12) months following the closing date. The Company has paid Raymond James Ltd. a fee equal to 8% of the gross proceeds raised in this private placement.
The securities issued under the private placement are subject to a four (4) month statutory 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 nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.
Philippe Cloutier, P.Geo.President and CEOCartier Resources Inc.email@example.com
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