Cartier Silver Announces Upsizing of Previously Announced Financing; and Signing of Definitive Agreement to Acquire the Chorrillos Project in Potosi Department, Bolivia
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20 Adelaide Street East, Suite 200, Toronto, Ontario CANADA M5C 2T6 Tel.: 1 (800) 360-8006
NEWS RELEASE
CARTIER SILVER ANNOUNCES UPSIZING OF PREVIOUSLY ANNOUNCED FINANCING;
AND SIGNING OF DEFINITIVE AGREEMENT TO ACQUIRE THE CHORRILLOS PROJECT IN
POTOSI DEPARTMENT, BOLIVIA
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
TORONTO, December 15, 2022 – Cartier Silver Corporation (CSE:CFE) (“ Cartier Silver ” or the
“Company ”) is pleased to announce that, due to investor demand in connection with its previously
announced (see the Company’s press release dated No vember 22, 2022) private placement offering
(the “ Private Placement ”), it is increasing the size of the Private Placem ent to up to 10 million units of
the Company (“ Units ”) at a price of $0.40 per Unit for gross proceeds of up to $4 million.
Each Unit will consist of one common share in the c apital of Cartier Silver (a “ Common Share ”) and
one half of one Common Share purchase warrant (each whole, a “ Warrant ”). Each Warrant will entitle
the holder to purchase one Common Share at a price of $0.70 per share for a term of 30 months following
the first closing of the Private Placement. Some in siders of Cartier Silver intend to participate in t he
Private Placement.
Additionally, further to the Company’s October 26, 2022 press release, Cartier Silver announces the
signing of a definitive agreement (“ Agreement ”) granting it an option to acquire a 100% interest in the
Chorrillos Project, comprising two separate properties known as the Gonalbert Mini ng area and the
Felicidad Mining area, located in southern Bolivia approximately 15 to 20km southeast of Eloro
Resources Ltd.’s Iska Iska silver-tin polymetallic project. The terms of the Agreement were detailed i n
the Company’s October 26, 2022 press release.
The net proceeds of the Private Placement will be used to finance exploration at the optioned Chorrillos
Project and at the additional claims staked by the Company’s subsidiary in the Potosi Department,
Bolivia and for working capital purposes. All securities issued pursuant to the Private Placement will be
subject to the applicable statutory four-month hold period. The Company is scheduling to close the first
tranche of the Private Placement later today, subje ct to certain conditions, including, but not limite d to
the receipt of all necessary approvals.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of th e
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any state securities laws and
may not be offered or sold within the United States or to or for the account or benefit of a U.S. pers on
(as defined in Regulation S under the U.S. Securiti es Act) unless registered under the U.S. Securities
Act and applicable state securities laws or an exemption from such registration is available.
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About Cartier Silver Corporation
Cartier Silver is an exploration and development Company focused on discovering and developing
its recently acquired silver property assets, inclu ding the Chorrillos Project and claims staked by th e
Company’s subsidiary, all of which are located in t he Potosi Department of southern Bolivia. The
Company also holds significant iron ore resources a t its Gagnon Holdings in the southern Labrador
Trough region of east-central Quebec, and the Big E asy gold property in the Burin Peninsula epithermal
gold belt in the Avalon Zone of eastern Newfoundland and Labrador.
For further information please visit Cartier Silver’s website at www.cartiersilvercorp.com
For further information please contact:
Thomas G. Larsen Jorge Estepa
Chief Executive Officer Vice-President
(800) 360-8006 (800) 360-8006
(416) 360-8006 (416) 360-8006
The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy of this release.
Statements in this release that are not historical facts are “forward-looking statements” and readers are
cautioned that any such statements are not guarantees of future performance, and that actual developments or
results, may vary materially from those in these “forward-looking statements”.