Cartier Silver Launches New Financing Initiative for Growth
Cartier Silver Corporation Moves Forward with Funding Plans
Cartier Silver Corporation (CSE:CFE) is excited to inform investors and stakeholders about a new financing initiative aimed at bolstering its exploration efforts. This financing involves a non-brokered private placement generating up to $1.5 million, which reflects the company’s commitment to expanding its operations and stepping up exploration for valuable resources.
Understanding the Private Placement Details
This private placement will consist of up to 12 million units, offered at a price of $0.125 per unit. Each of these units will comprise one common share and a warrant—allowing investors to purchase additional shares at $0.20 for three years after closing. This structure not only raises immediate capital but also encourages stakeholders to take part in the company’s growth by potentially acquiring more shares at a later date.
Utilizing Funds Effectively
The proceeds from this financing will be strategically allocated to advance the Chorrillos Project in Bolivia, along with supporting general working capital services. This highlights Cartier Silver's focused approach to maximizing the value of its existing assets while also venturing into new exploration opportunities.
Regulatory Compliance and Future Outlook
As with any financial transaction, this private placement is contingent upon receiving all necessary regulatory approvals. The securities issued will be subject to a standard four-month hold period, ensuring compliance with market regulations. This careful consideration underlines Cartier Silver’s integrity in fostering investor confidence.
About Cartier Silver and Its Asset Portfolio
With a robust portfolio, Cartier Silver stands out in the exploration and development arena. The company not only focuses on its silver properties, such as the promising Chorrillos Project in Bolivia, but also boasts significant iron ore resources in the Gagnon Holdings region of Quebec. Additionally, the Big Easy gold property in Newfoundland underscores their diverse mineral exploration strategy, catering to both silver and gold production.
Staying Informed and Engaged
To stay up to date on developments, investors are encouraged to visit Cartier Silver’s official website. Though the company’s initiatives focus on mining and resource extraction, it also emphasizes maintaining robust communication with its community of shareholders and partners, ensuring transparency and engagement.
Contact Information
For those seeking further information about Cartier Silver Corporation, here are key contacts:
Reach Out to Company Representatives
Thomas G. Larsen
Chief Executive Officer
(800) 360-8006 or (416) 360-8006
Jorge Estepa
Vice-President
(800) 360-8006 or (416) 360-8006
Cartier Silver continues to navigate the complexities of the mining sector with a strategic and investor-focused approach. This financing initiative marks another step in their growth trajectory, seeking to enhance their exploration and development capabilities.
Frequently Asked Questions
What is the purpose of the private placement by Cartier Silver?
The private placement aims to raise funds for exploration at the Chorrillos Project and for general working capital.
How much money is Cartier Silver looking to raise through this initiative?
The company is attempting to raise up to $1.5 million from this financing strategy.
What does each unit consist of in this private placement?
Each unit comprises one common share and a warrant for purchasing additional shares at a future date.
Where is the Chorrillos Project located?
The Chorrillos Project is situated in Bolivia within the Potosi Department.
What is Cartier Silver’s other focus apart from silver properties?
Cartier Silver also has significant interests in iron ore and gold properties, showcasing a diverse portfolio.
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