Business
Cartier Iron Completes Financing
TORONTO, June 10, 2019 (GLOBE NEWSWIRE) -- Cartier Iron Corporation (CSE: CFE) (“Cartier Iron” or the “Company”), is pleased to announce that it has completed a
About this update from Cartier Silver Corporation
[{"type":"text","content":" TORONTO, June 10, 2019 (GLOBE NEWSWIRE) -- Cartier Iron Corporation (CSE: CFE) (“Cartier Iron” or the “Company”), is pleased to announce that it has completed a previously announced non-brokered private placement (the “Private Placement”) which was increased from 3,750,000 units to 4,062,500 units of Cartier Iron at a price of $0.08 per unit (“Units”) for proceeds of $325,000, and 4,000,000 flow-through units of Cartier Iron at a price of $0.10 per unit (“F-T Units”) for additional proceeds of $400,000. Each F-T Unit consists of one common share in the capital of Cartier Iron (a “Common Share”) issued on a “flow-through” basis under the Income Tax Act (Canada) and one half of one Common Share purchase warrant (the “F-T Warrants”). Each whole F-T Warrant entitles the holder to purchase one non-flow-through Common Share at a price of $0.15 per share for a term of 18 months from the closing of the Private Placement provided that, if the average closing price for the Common Shares on the Canadian Securities Exchange (the “CSE”) is at least $0.25 per share for 20 consecutive trading days (following the expiry of the four month hold period), the F-T Warrants will expire unless they are exercised within ten business days (or such longer period of time as the Company may provide) after the Company provides notice to accelerate the expiry date (the “Acceleration Notice”). Each Unit consists of one Common Share in the capital of Cartier Iron and one half of one Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at a price of $0.12 per share for a term of 18 months from the closing date of the Private Placement provided that, if the average closing price for the Common Shares on the CSE is at least $0.25 per share for 20 consecutive trading days (following the expiry of the four month hold period), the Warrants will expire unless they are exercised within ten business days (or such longer period of time as the Company may provide) after the Company provides the Acceleration Notice. Cartier Iron paid eligible arm’s length finders cash fees totalling $30,030 and 95,375 agent’s compensation warrants, each entitling the holder to purchase one Common Share at a price of $0.12 per share for a term of 18 months from the closing date of the Private Placement, subject to the terms and c...