Cartier Silver Announces Closing of $1.2 Million Financing

Executive Summary

• Cartier Silver closed a non‑brokered private placement of 9,600,000 units at C$0.125 per unit, raising total gross proceeds of C$1,200,000.
• Each unit consists of one common share and half of a purchase warrant (full warrant = right to buy one additional common share at C$0.20 for 36 months).
• Net proceeds will be used to finance exploration at the Chorrillos Project in Bolivia and for general working capital.

Key Details

• Units Issued: 9,600,000 units (aggregate consideration C$1,200,000).
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant allows purchase of one additional common share at C$0.20).
• Warrant Terms: Exercise price C$0.20 per share; exercisable for 36 months from issuance date.
• Finder’s Fees: 7% of gross proceeds ($42,000) paid in kind by issuing an additional 336,000 units at the same deemed price of C$0.125 per unit.
• Net Proceeds Use: Exploration funding for the Chorrillos Project (Potosí Department, Bolivia) and general working capital.
• Holding Period: All securities subject to a statutory four‑month hold period.
• Regulatory Notice: The release is not an offer or solicitation in the United States; securities are not registered under U.S. securities laws.

Notable Quotes

(No executive quotes were included in the release.)