Cartier Announces the Closing of a $3,080,840 Brokered Private Placement

Cartier Announces the Closing of a $3,080,840 Brokered Private Placement

ID: 99622

(firmenpresse) - VAL-D'OR, CANADA -- (Marketwire) -- 12/22/11 -- Cartier Resources Inc. (TSX VENTURE: ECR) ("Cartier") announces the closing of the private placement announced on December 6, 2011 conducted through Industrial Alliance Securities Inc. and National Bank Financial Inc. as agents for aggregate gross proceeds of $3,080,840.

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

The proceeds of the offering will be used by Cartier to conduct exploration programs in 2012 and for general working capital.

The agents received a cash commission aggregating $229,588. In addition, the agents received 378,772 non transferable broker warrants exercisable at a price of $0.35 per share for a period of 12 months following the closing of the offering and entitling them to acquire 378,772 common shares. 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.



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



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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 22.12.2011 - 20:19 Uhr
Sprache: Deutsch
News-ID 99622
Anzahl Zeichen: 0

contact information:
Town:

VAL-D'OR, CANADA



Kategorie:

Mining & Metals



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