Cartier Signs Agreement with Delta To Option 100% of the Dollier Property
For immediate release
Cartier Signs Agreement with Delta
To Option 100% of the Dollier Property
Val-d’Or, May 31, 2021 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”)
announces the execution of an option agreement (the “Agreement”) with Delta Resources Limited
(“Delta”) to option 100% of its interests in its Dollier property located 30 km south of the Municipality
of Chibougamau. On May 28, 2021, the TSX Venture Exchange has accepted the documentation
pertaining to the Agreement and has issued to Delta a final bulletin.
During the four-year option period, Delta shall have the sole and exclusive right and option to earn
a 100% interest (the “Option”) by issuing in favour of Cartier of an aggregate of 600,000 common
shares of Delta and incurring not less than $ 1,000,000 in exploration expenditures on the Dollier
property. Further to the issuance of the final bulletin of the TSX Ve nture Exchange Cartier will
receive an amount of $10,000 in cash and 100,000 common shares of Delta. All shares issued to
Cartier under the Agreement will be subject to a statutory four (4) month hold period.
Upon the exercise of the Option, Cartier will be granted a 2% NSR production royalty on the Dollier
property, half of which (1% NSR) will be redeemable for $ 2,000,000 and the other half (1% NSR)
will be redeemable for $ 15,000,000.
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the
provisions of Canadian securities laws including statements about the Company’s plans. Such
statements are necessarily based upon a number of beliefs, assumptions, and opinions of
management on the date the statements are made and are subject to numerous risks and
uncertainties that could cause actual results and future events to differ materially from those
anticipated or projected. The Company undertakes no obligation to update these forward-looking
statements in the event that management’s beliefs, estimates or opinions, or other factors should
change, except as required by law.
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For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
www.ressourcescartier.com
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy
of this press release.