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| Home : Cartier Iron Completes $500,000 Financing and $1,050,000 Debt Conversion |
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Oct 18
2014 |
Cartier Iron Completes $500,000 Financing and $1,050,000 Debt Conversion |
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TORONTO, ONTARIO--(Marketwired - Oct. 17, 2014) - Cartier Iron Corporation (CSE:CFE) ("Cartier Iron" or the "Company") is pleased to announce that it has completed a non-brokered private placement, issuing 2,941,172 units ("Units") at a price of $0.17 per Unit for proceeds of $500,000 (the "Private Placement") and completed a conversion of debt with Champion Iron Mines Limited ("Champion"), a wholly-owned subsidiary of Champion Iron Limited, by issuing 6,176,470 Units to settle $1,050,000 of outstanding debt (the "Shares for Debt Placement"). All of the common shares issued by Cartier Iron in these transactions are subject to a four (4) month statutory hold period. |
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| Source:http://www.marketwired.com/mw/release.do?id=1958842&sourceType=3 |
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