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VAL D'OR, QUEBEC--(Marketwired - Dec. 19, 2016) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") is pleased to announce that Agnico Eagle Mines Limited ("Agnico") has agreed to acquire (the "Transaction") by way of private placement 22,500,000 common shares ("Common Shares") of Cartier at a price of $0.20 per Common Share for proceeds of $4,500,000. On closing of the Transaction, Agnico will own approximately 19.97% of the issued and outstanding Common Shares on a non-diluted basis (after giving effect to the Transaction, but otherwise assuming that the number of issued and outstanding Common Shares as at the date hereof remains unchanged). |
