Cartier Silver arranges $1.5-million private placement

Executive Summary

• Cartier Silver Corp. is proceeding with a non-brokered private placement to raise up to $1.5 million.
• The offering consists of up to 12 million units priced at 12.5 cents per unit.
• Proceeds will be allocated to exploration at the Chorrillos project in Bolivia and for general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Up to 12,000,000 units.
• Price Per Unit: $0.125 CAD.
• Gross Proceeds: Up to $1,500,000 CAD.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $0.20 per share.
• Warrant Expiry: 36 months following the closing of the private placement.
• Use of Proceeds: Financing exploration at the Chorrillos project (Potosi department, Bolivia) and working capital purposes.
• Regulatory Status: Subject to all required regulatory approvals.
• Hold Period: All securities are subject to the applicable statutory four-month hold period.