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Cartier Resources Announces C$3,024,000 Flow-Through Financing

February 16, 2017 - releases
Cartier Resources Announces C$3,024,000 Flow-Through Financing

Cartier Resources Inc., (TSX VENTURE:V.ECR)is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. under which the Agent has agreed to sell on a best efforts, private placement basis up to 11,200,000 Quebec super flow-through shares of the Company at a price of C$0.27 per Flow-Through Share for total gross proceeds of up to C$3,024,000. The Agent has been granted the option to sell up to an additional 15% of the number of Flow-Through Shares issuable in the Offering, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering.

Cartier is also pleased to announce that pursuant to the Investor Rights Agreement between Cartier and Agnico Eagles Mines Limited, Agnico Eagle has indicated that it intends to maintain its pro-rata 19.97% interest in Cartier after giving effect to the Offering.

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