Cartier Resources Announces $6.0 Million Bought Deal Private Placement
NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
Cartier Resources Announces $6.0 Million Bought Deal Private Placement
Val-d’Or, Quebec – May 8, 2017 – Cartier Resources Inc. (“Cartier” or the “Company”) (TSX V:ECR)
is pleased to announce tha t it has entered into an agreement with Canaccord Genuity Corp. ( the “Lead
Underwriter”), and including Paradigm Capital Inc. (together with the Lead Underwriter, the
“Underwriters”), in connection with a bought deal private placement of common shares of t he Company
pursuant to which the Underwriters will purchase 22,250,000 common shares of the Company ( the
“Offering Shares”) at a price of $0.27 per Offering Share to raise aggregate gross proceeds of $6,007,500
(the “Offering”).
The net proceeds raised th rough the Offering will be used to fund further exploration on the Company’s
Chimo Mine, Wilson, Benoist and Fenton properties and for general working capital purposes.
Closing of the Offering is anticipated to occur on or about May 30, 2017 (the “Closing Date”). Closing of
the Offering is subject to receipt of regulatory approvals, including the acceptance of the Offering by the
TSX Venture Exchange. The Offering Shares will be subject to a four month hold period under applicable
securities laws in Canada.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities
described herein in the United States. The securities described herein have not been and will not be
registered under the United States Securitie s Act of 1933, as amended, and may not be offered or sold in
the United States or to the account or benefit of a U.S. person absent an exemption from the registration
requirements of such Act.
About Cartier Resources Inc.
Cartier Resources Inc . holds an attractive portfolio of advanced stage gold exploration assets located
within the Abitibi Greenstone Belt in Val-d'Or, Québec – one of the most prolific mining regions in the
world. On April 6, 2017, the Company’s Board of Directors approved a 50,000-meter drill program to be
conducted over the next fifteen months. Purpose of the drill program is to explore the depth and lateral
extensions of known high grade gold mineralization contained with in four of Cartier’s prospective
projects, namely Chimo M ine, Wilson, Benoist and Fenton, with the objective of advancing these assets
toward new resource estimates.
Additional information regarding Cartier Resources Inc. is available on SEDAR at www.sedar.com under
the Company's profile and at its website at www.resourcescartier.com.
For further information, please contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819 856-0512
www.resourcescartier.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture
Exchange Inc. has in no way approved nor disapproved the contents of this press release.
Forward Looking Statements - Certain information set forth in this news rele ase may contain forward -looking
statements. Generally, forward-looking statements can be identified by the use of word s such as “plans”, “expects”
or “is expected”, “scheduled”, “estimates” “intends”, “anticipates”, “believes”, or variations of such words and
phrases, or statements that certain actions, events or results “can”, “may”, “cou ld”, “would”, ”should”, “might”
or “will”, occur or be achieved, or the negative connotations thereof. These forward -looking statements are subject
to numerous risks and uncertainties, certain of which are beyond the control of the Company, which could cause the
actual results, performance or achievements of the Company to be materially dif ferent from the future results,
performance or achievements expressed or implied by such statements. These risks inc lude, without limitation, risks
related to failure to obtain adequate financing on a time ly basis and on acceptable terms, political and regulatory
risks associated with mining and exploration activities, including environmental regu lation, risks and uncertainties
relating to the interpretation of drill and sample results, risks related to the uncertainty of cost and time estimation
and the potential for unexpected delays, costs and expenses, risks related to metal pri ce fluctuations, the market for
gold products, and other risks and uncertainties related to the Company's pro spects, properties and business
detailed elsewhere in the Company’s disclosure record. Although the Company beli eves its expectations are based
upon reasonable assumptions and has attempted to identify important factors that cou ld cause actual actions, events
or results to d iffer materially from those described in forward -looking statements, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or intended and undue reliance sh ould not be
placed on forward-looking statements.