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| Home : Cartier Announces the Closing of a Financing for a Total of $300,000 |
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May 27
2016 |
Cartier Announces the Closing of a Financing for a Total of $300,000 |
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VAL-D'OR, CANADA--(Marketwired - May 26, 2016) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") announces the closing of a $300,000 financing with Sodémex exploration, the Caisse de dépôt et de placement du Québec ("SODEMEX II S.E.C."), SIDEX Limited Partnership ("SIDEX") and Fonds de solidarité FTQ (the "Fonds") (collectively, the "Subscribers") of the placement of a convertible debenture. The Subscribers have agreed to invest up to $900,000 in three annual tranches of $300,000 each. The financing was completed under Action-Exploration, a financing plan for junior mineral exploration companies in Québec that was announced on November 26, 2015. The plan aims to provide companies with $300,000 in financing per year for a period of three years to support their growth. |
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| Source:http://www.marketwired.com/mw/release.do?id=2128775&sourceType=3 |
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