Cartier Silver Announces $3 Million Financing; Staking of Additional Claims 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 $3 MILLION FINANCING; STAKING OF ADDITIONAL
CLAIMS IN POTOSI DEPARTMENT, BOLIVIA
TORONTO, November 22, 2022 – Cartier Silver Corporation (CSE:CFE) (“ Cartier Silver ” or the
“Company ”) is pleased to announce that it is proceeding with a non-brokered private placement (the
“Private Placement ”) for proceeds of up to $3 million. The Company al so announces the staking of
additional claims in the Potosi Department, Bolivia, immediately south and west of the recently optioned
Felicidad and Gonalbert properties (see Cartier Silver’s October 26, 2022 press release), respectively.
Private Placement
The Private Placement will consist of up to 7,500,000 units of Cartier Silver at a price of $0.40 per unit
(“Units”) for gross proceeds of up to $3 million. Each Unit will consist of one common share in the capital
of Cartier Silver (a “ Common Share ”) and one half of one Common Share purchase warran t (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 closing of the Private Placement.
The net proceeds of the Private Placement will be u sed to finance exploration at the recently optioned
Chorrillos Project and staked claims in the Potosi Department, Bolivia and for working capital purposes.
The Private Placement is subject to all required re gulatory approval. All securities issued pursuant t o
the Private Placement will be subject to the applicable statutory four-month hold period.
Staking of Additonal Claims in Potosi Department, Bolivia
Cartier Silver has acquired, by staking, an additio nal 29.25 km 2 (CSB-13 and CSB-1) of claims
immediately south and west of the Felicidad and Gon albert properties (see Cartier press release of
October 26, 2022), respectively. An additional claim (CSB-2) has also been acquired in the same belt
about 5km south of Tupiza, Bolivia. Cartier Silver’s total holdings, including areas under option, in the
Chorrillos Project now total 69.75 km 2 as shown in Figure 1. The Chorrillos Project area is predominantly
underlain by Ordovician basement sediments that hav e been intruded by a Tertiary-age volcanic
complex of dacites, rhyodacites, tuffs and epiclast ic sediments. Alteration and polymetallic
mineralization are widespread in the region characteristic of intermediate to high sulphidation epithermal
systems.
Qualified Person
Dr. Bill Pearson, P.Geo., Chief Technical Advisor f or Cartier Silver, and a Qualified Person (“ QP ”) as
defined under National Instrument 43-101 (“ NI 43-101 ”), has reviewed and approved the geological and
technical content of this press release.
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About Cartier Silver Corporation
Cartier Silver is an exploration and development Company focused on discovering and developing
significant iron ore resources in Quebec, a gold pr operty in the province of Newfoundland and
Labrador and a silver property in Bolivia. The Com pany's iron ore projects include the Gagnon
Holdings in the southern Labrador Trough region of east-central Quebec. The Big Easy gold
property is located in the Burin Peninsula epitherm al gold belt in the Avalon Zone of eastern
Newfoundland. In addition, the Company recently announced that it is proceeding w ith the
acquisition of a silver property, the Chorrillos Project, located in southern Bolivia.
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”.
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FIGURE 1 – Cartier Silver’s holdings, including areas under option, in the Chorrillos Project,
Potosi Department, Bolivia.