Cartier Announces the Closing of a Second Tranche of a Private Placement for a Total of $416,500

Cartier Resources Inc. {TSX.V: ECR}  confirmed the closing of their recently announced private placement, for a total of CAD $ 416,000.


VAL-D’OR, CANADA – Cartier Resources Inc. {TSX.V: ECR}  is pleased to announce the closing of a second tranche of a private placement .totalling CAD $ 416,000.



This second tranche of the private placement is a flow-through private placement with accredited investors, friends and business associates and consists of 475,000 units for an amount of $66,500 without intermediate.


Thus, Cartier has issued 2,975,000 flow-through shares at a price of $0.14 per share for an amount of $416,500. The securities issued under both private placements are subject to a four month and one day statutory hold period.


The proceeds of both placements will be used by Cartier to conduct exploration.


This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.


The common shares of Cartier Resources Inc. are listed on the TSX Venture Exchange under the symbol “ECR”.


Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.