Cartier Resources raise $100,000 in financing

Posted on by
Cartier Resources{TSX.V: ECR} President and  CEO Philippe Cloutier  confirms the company have raised £100,000 in a private placing.
There was one placee,  Sidex s.e.c, an existing supportive shareholder of the company.

CARTIER CLOSES A $100,000 PRIVATE PLACEMENT WITH SIDEX

Val-d’Or, Canada, March 11th, 2015 – Cartier Resources Inc. (TSX Venture Exchange: ECR)  announces the closing of a private placement with SIDEX, s.e.c. for gross proceeds of 100 000 $.

In total, Cartier issued 1 000 000 units (the “Units”) at a price of $0.10 per Unit, with each Unit consisting of one (1) common share at a price of $0.10 per share and one (1) common share purchase warrant, each warrant entitling the holder to subscribe for one (1) common share at a price of $0.13 for a period of twenty-four (24) months following the closing date.

The securities issued under the private placement are subject to a four (4) month statutory hold period.

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”.