Cartier Resources Announces Closing of C$3,477,600 Flow-Through Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Cartier Resources Announces Closing of C$3,477,600 Flow-Through Financing
Val-D’Or, Québec – March 20, 2017, Cartier Resources Inc. ( TSXV: ECR) (“Cartier” or the “Company”)
is pleased to announce the closing of a private placement (the “Offering”) through Paradigm Capital Inc.
(the “Agent”) . Cartier issued 12,880,000 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 C$3,477,600. The
Offering included the full exercise of the Agent’s overallotment option.
In connection with the Offering, t he Agent, received a cash commission equal to 7% of the gross
proceeds received by the company. In addition, broker warrants , equal to 7% of the number of Flow-
Through Shares sold pursuant to the Offering (the “Broker Warrants”) have been issued to the Agent .
Each Broker Warrant shall entitle the holder thereof to acquire one (1) common share at a price of $0.27
for a period of 24 months.
All of the securities issued under this offering are subject to a hold period of four mont hs and one day in
accordance with applicable Canadian securities laws.
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 maintained its approximate pro-rata
19.85% interest in Cartier after giving effect to the Offering.
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 Company's Qu ébec mining claims .
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.