Cartier Resources Announces C$3,024,000 Flow-Through Financing
Cartier Resources Announces C$3,024,000 Flow-Through Financing
Val-D’Or, Québec - February 16, 2017 , Cartier Resources Inc. (TSXV:ECR) (“Cartier” or the
“Company”) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the
“Agent”) under which the Agent has agreed to sell on a best efforts, private placement basis up to
11,200,000 Québec super flow-through shares of the Company (the “Flow-Through Shares”) at a price of
C$0.27 per Flow-Through Share for total gross proceeds of up to C$3,024,000 (the “Offering”). The Agent
has been granted the option to sell up to an additional 15% of the number of Flow -Through Shares
issuable in the Offering, exerci sable in whole or in part at any time up to 48 hours prior to the closing of
the Offering.
Cartier is also pleased to announce that pursuant to the Investor Rights Agreement between Cartier and
Agnico Eagles Mines Limited (“Agnico Eagle”) , Agnico Eagle has indicated that it intends to maintain its
pro-rata 19.97% interest in Cartier after giving effect to the Offering.
The closing of the Offering is expected to occur on or about March 7, 201 7, and is subject to the
completion of formal documentation and receipt of regulatory approvals, including the approval of the
TSX Venture Exchange.
The Company intends to use the gross proceeds of the Offering for “Canadian Exploration Expenses ”
(within the meaning of the Income Tax Act (Canada)) related to the Compan y's Qu ébec mineral
concessions. The Company will agree to renounce such Canadian Exploration Expenses with an effective
date of no later than December 31, 2017.
For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
www.ressourcescartier.com
Cautionary Statements
Neither the 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 news
release.
Cautionary Note Regarding Forward -Looking Statements: Certain disclosures in this r elease
constitute forward -looking statements. In making the forward -looking statements in this release, the
Company has applied certain factors and assumptions that are based on the Company's current beliefs
as well as assumptions made by and information c urrently available to the Company. Although the
Company considers these assumptions to be reasonable based on information currently available to it,
they may prove to be incorrect, and the forward -looking statements in this release are subject to
numerous risks, uncertainties and other factors that may cause future results to differ materially from
those expressed or implied in such forward -looking statements. Such risk factors include, among others,
those matters identified in its continuous disclosure fil ings, including its most recently filed MD&A.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company does
not intend, and expressly disclaims any intention or obligation to, update or revise any forward -looking
statements whether as a result of new information, future events or otherwise, except as required by law.