Cartier Silver Announces Closing of $1.2 Million Financing

Core Points - Cartier Silver Corporation has successfully closed a non-brokered private placement, issuing a total of 9,600,000 units at a price of C$0.125 per unit, raising total proceeds of C$1,200,000 [1][2] - Each unit consists of one common share and one half of a common share purchase warrant, with each full warrant allowing the purchase of an additional common share at C$0.20 for 36 months [1] - The company will use the net proceeds from the private placement to finance exploration at the Chorrillos Project in Bolivia and for working capital [2] Financial Details - Finder's fees of 7% were paid, totaling $42,000, which were compensated by issuing 336,000 units at a deemed price of $0.125 per unit [2] - All securities issued are subject to a statutory four-month hold period [3] Company Overview - Cartier Silver is focused on exploring and developing silver property assets, including the Chorrillos Project in Bolivia, and also holds significant iron ore resources and a gold property in Canada [5]