Cartier Silver Announces Closing of Upsized $2 Million Brokered Private Placement Led by Centurion One Capital

Core Points - Cartier Silver Corporation has successfully closed an upsized brokered private placement, raising a total of $2 million through the issuance of 16,000,000 units at a price of $0.125 per unit [1][3] - Each unit consists of one common share and one-half of a share purchase warrant, with the whole warrant allowing the purchase of one share at $0.20 for 36 months [2] - The proceeds from the offering will be allocated for exploration and drilling on the Los Chorrillos Project in Bolivia and for general working capital [3] Financial Details - The agent, Centurion One Capital, received a cash commission of $160,000 and 1,280,000 broker warrants, with each warrant allowing the acquisition of a share at $0.125 for 36 months [4] - A corporate finance fee of $100,000 was also paid to the agent, equating to 5% of the gross proceeds, through the issuance of 800,000 units [4] Insider Participation - Insiders of the company acquired a total of 1,810,000 units in the offering, which is classified as a related party transaction [6] - No formal valuation or minority shareholder approval was required as the transaction's fair market value did not exceed 25% of the company's capitalization [6] Company Overview - Cartier Silver Corporation focuses on the exploration and development of silver property assets, including the Los Chorrillos Project in Bolivia, and holds significant iron ore resources in Quebec [8]