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Cartier Resources Announces $6.0 Million Bought Deal Private Placement
Cartier Resources Announces $6.0 Million Bought Deal Private Placement Canada News...
About this update from Cartier Resources Inc.
[{"type":"text","content":"\n\n\n\nCartier Resources Announces $6.0 Million Bought Deal Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVAL-D'OR, QC, May 8, 2017\n\n\n\n/NOT FOR DISSEMINATION IN THE US OR THROUGH NEWSWIRE SERVICES/\n\n\n\nVAL-D'OR, QC, May 8, 2017 /CNW/ - Cartier Resources Inc. (\"Cartier\" or the \"Company\") (TSXV:ECR) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (the \"Lead Underwriter\"), and including Paradigm Capital Inc. (together with the Lead Underwriter, the \"Underwriters\"), in connection with a bought deal private placement of common shares of the Company pursuant to which the Underwriters will purchase 22,250,000 common shares of the Company (the \"Offering Shares\") at a price of $0.27 per Offering Share to raise aggregate gross proceeds of $6,007,500 (the \"Offering\").\n\nThe 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.\n\nClosing of the Offering is anticipated to occur on or about May 30, 2017 (the \"Closing Date\").  Closing of the Offering is subject to receipt of regulatory approvals, including the acceptance of the Offering by the TSX Venture Exchange. The Offering Shares will be subject to a four month hold period under applicable securities laws in Canada.\n\nThis news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.\n\nAbout Cartier Resources Inc.\n\nCartier Resources Inc. holds an attractive portfolio of advanced stage gold exploration assets located within the Abitibi Greenstone Belt in Val-d'Or, Qué...