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Two Blokes Apr 23 -
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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VAL-D'OR, Québec, April 23, 2025 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Corporation”) is pleased to announce that it has closed its previously announced private placement with Paradigm Capital Inc. (the “Agent”) for aggregate gross proceeds of $8,395,176.11 (the “Offering”) through a combination of: (i) 27,473,627 units of the Corporation issued on a charitable flow-through basis qualifying as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “Premium FT Units”) at $0.182 per Premium FT Unit for gross proceeds of $5,000,200.11; and (ii) 26,115,200 units of the Corporation (the “Hard Dollar Units”) issued at $0.13 per Hard Dollar Unit for gross proceeds of $3,394,976. Each Premium FT Unit consists of one common share in the capital of the Corporation (each a “Common Share”) and one common share purchase warrant (each a “Premium FT Warrant”), and each such Common Share and Premium FT Warrant qualifies as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)).
