- Cartier issued 19,166,667 units at $0.09 per unit for gross proceeds of $1,725,000.03
- Cartier issued 28,750,000 flow-through units at $0.12 for gross proceeds of $3,450,000
- Net proceeds will be used for exploration expenditures and for working capital
- Cartier Iron Corporation is an exploration and development company
- Cartier Iron Corporation (CFE) opened trading at C$0.145 per share
Cartier Iron Corporation (CFE) has closed its private placement offering.
Cartier issued 19,166,667 units at $0.09 per unit for gross proceeds of $1,725,000.03, and 28,750,000 flow-through units at $0.12 for gross proceeds of $3,450,000.
Each unit consists of one common share and one purchase warrant. Each flow-through unit consists of one common share and one warrant. Each FT warrant entitles the holder to acquire one share at an exercise price of $0.14 for a period of 36 months following the closing of the offering.
Net proceeds will be used for exploration expenditures and for working capital and general corporate purposes.
Cartier Iron Corporation is an exploration and development company focused on discovering and developing significant iron ore resources in Quebec, and Newfoundland and Labrador. The company’s iron ore projects include the Gagnon Holdings in the southern Labrador Trough region of east-central Quebec. The Big Easy gold property is located in the Burin Peninsula epithermal gold belt in the Avalon Zone of eastern Newfoundland.
Cartier Iron Corporation (CFE) opened trading at C$0.145 per share.