Cartier Sells the Diego Property to Standard Graphite
(firmenpresse) - VAL-D'OR, QUEBEC -- (Marketwired) -- 11/20/14 -- Cartier Resources Inc. (TSX VENTURE: ECR) ("Cartier") announces the sale to Standard Graphite Corporation ("Standard Graphite") of its 100% interest in the Diego gold property in consideration for the issuance of 1,000,000 common shares of Standard Graphite. The Diego Property comprises 49 claims and is located 40 kilometres southwest of the town of Chapais, in Quebec. Cartier will retain a 2% net smelter return royalty, with each tranche of 1% NSR being redeemable for $1,000,000.
There are no cash payments and exploration expenditure commitments forming part of this transaction.
This transaction is subject to regulatory approvals and the securities will be subject to a four (4) month and one (1) day statutory hold period.
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Philippe Cloutier, P.Geo., President and CEO
819 856-0512
Louis Morin
Investor relations
514 845-1101
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.11.2014 - 12:00 Uhr
Sprache: Deutsch
News-ID 354218
Anzahl Zeichen: 0
contact information:
Town:
VAL-D'OR, QUEBEC
Kategorie:
Mining & Metals
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"Cartier Sells the Diego Property to Standard Graphite"
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