Cartier Closes Private Placement Financing

VAL D'OR, Quebec, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces that it has closed a private placement (the “Private Placement”) for aggregate gross proceeds of $487,432. A total of 4,431,202 units (the “Units”) of Cartier were issued at a price of $0.11 per Unit. Each Unit consisted of one (1) common share of Cartier (a “Common Share”) and one (1) Common Share purchase warrant entitling the holder to subscribe for one (1) Common Share at a price of $0.16 for a period of thirty-six (36) months following the closing date of the Private Placement.

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