Cartier Silver Corporation Announces Financing Initiative
Cartier Silver Corporation (CSE: CFE) has exciting news that emphasizes its commitment to growth and exploration. The Company is moving forward with a non-brokered private placement, intending to raise up to $1.5 million.
Details of the Private Placement
Under the terms of this Private Placement, Cartier Silver plans to issue up to 12 million units at a price of $0.125 per unit. Each unit will include one common share along with half of a common share purchase warrant. Notably, each warrant allows the holder to purchase a common share at a price of $0.20 for a duration of 36 months after the Private Placement closes.
Use of Proceeds
The net proceeds from this initiative will primarily fund exploration activities at the Chorrillos Project in Bolivia, enhancing the Company's strategic asset base. Additionally, proceeds will support working capital, positioning Cartier Silver for continued success and growth within its sector.
Regulatory Compliance
This Private Placement is subject to regulatory approvals, and all issued securities will have a statutory hold period of four months. The oversight is crucial to ensuring compliance with regional regulations, reflecting the Company’s obligation to uphold transparent practices.
About Cartier Silver Corporation
Cartier Silver is devoted to exploring and developing its acquired silver properties, including the Chorrillos Project in Bolivia. The Company also boasts significant resources in iron ore at the Gagnon Holdings and possesses the Big Easy gold property in Newfoundland and Labrador, enhancing its diverse portfolio.
Looking Ahead
As Cartier Silver drives this financing forward, it reinforces its plan for sustainable growth and value creation for its stakeholders. The exploration activities funded by this Private Placement are expected to provide insights into the company’s capacity to yield substantial resources that can benefit both investors and the local communities involved in its mining operations.
Contact Information
If you're interested in learning more about Cartier Silver Corporation, please reach out to:
Thomas G. Larsen
Chief Executive Officer
(800) 360-8006 or (416) 360-8006
Jorge Estepa
Vice-President
(800) 360-8006 or (416) 360-8006
Frequently Asked Questions
What is the purpose of the Private Placement?
The Private Placement aims to raise funds for exploration at the Chorrillos Project and to support working capital needs.
How many units will be issued in the Private Placement?
Up to 12 million units will be issued at a price of $0.125 each.
What does each unit consist of?
Each unit consists of one common share and half of a share purchase warrant.
What is the exercise price for the warrants?
The warrants will allow the holder to purchase common shares at a price of $0.20 each.
Who should I contact for more information?
You can contact Thomas G. Larsen or Jorge Estepa using the provided phone numbers for further inquiries.
