Cartier Silver closes $2-million private placement

Executive Summary

• Cartier Silver Corp. has closed an upsized brokered private placement, raising $2 million in aggregate gross proceeds.
• The offering consisted of 16 million units priced at 12.5 cents per unit, led by Centurion One Capital Corp.
• Proceeds are designated for further exploration and drilling at the Los Chorrillos project in Bolivia and for general working capital.

Key Details

• Transaction Structure: Brokered private placement led by Centurion One Capital Corp. (lead agent and sole bookrunner).
• Units Issued: 16,000,000 units.
• Price: 12.5 cents per unit.
• Gross Proceeds: $2,000,000.
• Warrant Terms (Investors): Each unit includes one-half of one share purchase warrant. Each whole warrant allows the purchase of one common share at $0.20 per share for a period of 36 months from October 29, 2025.
• Use of Proceeds: Further exploration and drilling on the Los Chorrillos project (Potosi, Bolivia) and general working capital.
• Agent Compensation:
  • Cash commission: $160,000.
  • Corporate finance fee: $100,000 (5% of gross proceeds), paid via issuance of 800,000 units at 12.5 cents per unit.
  • Broker warrants: 1,280,000 broker warrants issued, entitling holders to acquire shares at $0.125 per share for 36 months from the closing date.
• Hold Period: Securities have a hold period of four months and one day from the closing date.
• Insider Participation: Insiders acquired 1,810,000 units. This constitutes a related-party transaction under Multilateral Instrument 61-101; however, formal valuation and minority shareholder approval were not required as the company is not listed on specified exchanges and the consideration does not exceed 25% of capitalization.

Notable Quotes

• None provided in the text.