From GlobeNewswire: 2025-04-01 19:00:00

Cartier Resources Inc. announces an amending agreement for a private placement offering of up to $7,300,160 to address tax measures unveiled in the 2025 Québec Budget. The Offering consists of Premium FT Units and Hard Dollar Units, each priced at $0.13. The 2025 Québec Budget Amendments affect flow-through share regime, but the Offering qualifies for the Grandfathering Exception. The Offering is expected to close on April 14, 2025, subject to customary closing conditions. Cartier Resources, based in Val-d’Or, focuses on developing mining projects in Québec with ongoing support from Agnico Eagle and Québec investment funds.

The Offering includes Premium FT Units for “flow-through shares” and Hard Dollar Units, with each unit priced at $0.13. The Offering is expected to raise up to $7,300,160 for Cartier Resources Inc. The 2025 Québec Budget introduced changes to the flow-through share regime, impacting the tax treatment of such offerings. The Offering qualifies for the Grandfathering Exception, ensuring eligibility for certain tax benefits. The Offering is expected to close on April 14, 2025, pending customary closing conditions. Cartier Resources Inc. focuses on developing mining projects in Québec, supported by industry partners like Agnico Eagle and Québec investment funds.



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