|
VAL-D'OR, QUEBEC--(Marketwired - Dec. 22, 2016) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") has closed the strategic investment by Agnico Eagle Mines Limited ("Agnico") previously announced on December 19, 2016 (the "Strategic Placement"). Pursuant to the Strategic Placement, Agnico purchased 22,500,000 common shares (the "Common Shares") of Cartier at a price of $0.20 per Common Share for proceeds of $4,500,000. As a result of the Strategic Placement, Agnico now owns 19.97% of the issued and outstanding Common Shares of Cartier. |
