Cartier Resources Closes $6.0 Million Bought Deal Private Placement
NOT FOR DISSEMINATION IN THE US OR THROUGH NEWSWIRE SERVICES
Cartier Resources Closes $6.0 Million Bought Deal Private Placement
Val-d’Or, Quebec – May 30 , 2017 – Cartier Resources Inc. ( “Cartier” or the “Company”)
(TSXV:ECR) announced today that it has c losed its previously announced bought deal private placement
(the “Offering”) for aggregate gross proceeds of $6,007,500. A total of 22,250,000 common shares of the
Company (the “Offering Shares ”) were issued and sold at a price of $ 0.27 per Offering Share. The
Offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp. and
including Paradigm Capital Inc. All monetary references are in Canadian dollars.
The net proceeds raised through 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.
“The Company is very pleased to have arranged this offering with an elite group of institutions including
lead investor JP Morgan Asset Management UK”, stated Philippe Cloutier, President and Chief Executive
Officer.
The Offering Shares issued under the Offering is subject to a four month and one day hold period expiring
on October 1, 2017. The Offering remains subject to the final approval of the TSX Venture Exchange.
In connection with the Offering, the underwriters received a cash fee equal to 6% of the gross proceeds of
the Offering and 1,335,000 non-transferable compensation options. Each compensation option is
exercisable into one common share of the Company at a price of $0.27 until November 30, 2018.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an app licable exemption from the
registration requirements. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or
sale would be unlawful.
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 within four of Cartier ’s prospective
projects, namely Chimo Mine, 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.ressourcescartier.com
Investor Relations:
Relations Publiques Paradox
514 341-0408
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of t he
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 for th in this news release may contain forward -looking
statements. Generally, forward-looking statements can be identified by the use of words 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”, “could”, “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 different from the future results,
performance or achievements expressed or implied by such statements. These risks include, without limitation, risks
related to failure to obtain adequate financing on a timely basis and on acceptable terms, political and regulatory
risks associated with mining and exploration activities, including environmental regulation, 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 price fluctuations, the market for
gold products, and other risks and uncertainties related to the Company ’s prospects, properties and business
detailed elsewhere in the Company ’s disclosure record. Although the Company believes its expectations are based
upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events
or results to differ 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 should not be
placed on forward-looking statements.