Cartier Resources Inc.
TSX VENTURE : ECR

Cartier Resources Inc.

May 25, 2012 11:21 ET

Cartier Resources Inc. Announces AGM Election Results

VAL-D'OR, QUEBEC--(Marketwire - May 25, 2012) - Cartier Resources Inc. (the "Company")(TSX VENTURE:ECR) announces that following its annual general meeting held on May 24th, 2012 that the following people were elected as directors of the Company:

  • Philippe Cloutier
  • Jean-Yves Laliberté
  • Mario Jacob
  • Jean Carrière
  • Daniel Massé

The proposal to maintain the stock option plan as presented in the Management Information Circular was approved by the shareholders at the annual general meeting. The proposal allows the Company to grant a number of stock options representing a maximum of 10% of the shares outstanding (on a non-diluted basis).

The proposal to appoint Samson Belair/Deloitte & Touche s.e.n.c.r.l. as auditors of the Company as presented in the Management Information Circular was approved by the shareholders at the annual general meeting.

The proposal to modify an article of the Company as presented in the Management Information Circular was approved by the shareholders at the annual general meeting. The proposal allows the Board of Directors to appoint an additional member to the Board.

Following the annual meeting, the Board of Directors named the following people as officers of the Company:

  • Philippe Cloutier, President and Chief Executive Officer;
  • Jean-Yves Laliberté, Corporate Secretary and Chief Financial Officer;
  • Gaétan Lavallière, Vice President - Corporate Development;
  • Philippe Berthelot, Vice President - Exploration.

Grant of Stock Options

On May 24th, 2012, the Board of Directors awarded a total of 950,000 stock options to directors and officers of the Company. Pursuant to the terms of the Company's stock option plan, each option grants the holder of such option the right to purchase a common share of the Company at a price of $0.25 per share no later than May 23rd 2017.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

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