Cartier Resources enters private placement for up to $7.3 million, focusing on exploration expenses in Québec.

From GlobeNewswire: 2025-03-20 07:00:00

Cartier Resources Inc. has entered into an agreement with Paradigm Capital Inc. for a private placement offering of up to $7.3 million. The Offering includes flow-through shares and hard dollar units. Each unit consists of a common share and a warrant. The Offering is expected to close on April 10, 2025, subject to customary conditions.

The gross proceeds from the Offering will fund eligible exploration expenses in Québec. The Concurrent Offering with Agnico Eagle Mines Limited will provide additional funds for exploration and general purposes. Both offerings are private placements in Canada and are expected to close on the same date. The securities will be subject to a hold period under Canadian securities laws.

Agnico Eagle has the right to participate in certain equity offerings by Cartier Resources Inc. The Corporation has received support from corporate and institutional investors, including Agnico Eagle and Québec investment funds. The Concurrent Offering was approved by the board of directors, with one director abstaining due to a conflict of interest. Cartier Resources Inc. is focused on advancing its Cadillac project in Québec.

This news release does not constitute an offer of securities for sale in the United States. The forward-looking information contained in the release is based on management’s expectations and involves known and unknown risks. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the accuracy of the information. For more information, contact Philippe Cloutier, President and CEO of Cartier Resources Inc.



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