Cartier Silver Announces Closing of Upsized $2 Million Brokered Private Placement Led by Centurion One Capital

Executive Summary

• Cartier Silver closed an upsized brokered private placement of 16,000,000 units at $0.125 per unit, raising gross proceeds of $2,000,000.
• Each unit includes one common share and half a share purchase warrant; warrants allow purchase of shares at $0.20 for 36 months.
• Proceeds are earmarked for further exploration and drilling on the Los Chorrillos Project in Bolivia and for general working capital.

Key Details

• Units Issued: 16,000,000 units @ $0.125 per unit → Gross proceeds: $2,000,000.
• Unit Composition: 1 common share + ½ of a share purchase warrant (full warrant = right to buy one share at $0.20).
• Warrant Terms: Exercise price $0.20; exercisable for 36 months from the closing date (Oct 29 2025).
• Use of Proceeds: Exploration and drilling on Los Chorrillos Project, Bolivia; general working capital.
• Agent Compensation:
• Cash commission: $160,000.
• Broker warrants: 1,280,000 broker warrants (each allows purchase of a share at $0.125 for 36 months).
• Corporate finance fee: $100,000 (5% of gross proceeds) paid via issuance of 800,000 units @ $0.125 per unit.
• Hold Period: Securities subject to a lock‑up of four months and one day from the closing date.
• Insider Participation: Insiders purchased 1,810,000 units; transaction qualifies as a related‑party transaction under MI 61‑101 but did not require valuation or minority shareholder approval.
• Closing Date: October 29 2025.

Notable Quotes

(No direct quotes were provided in the release.)