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Cartier Silver Announces $2 Million Brokered Private Placement Led by Centurion One Capital
TMX Newsfile· 2026-01-22 13:18
Core Viewpoint - Cartier Silver Corporation has announced a private placement offering of up to 6,666,667 common shares at an issue price of $0.30 per share, aiming to raise up to $2,000,000 in gross proceeds [1][2]. Group 1: Offering Details - The Lead Agent, Centurion One Capital Corp., has the option to increase the offering by an additional 3,333,333 shares for up to $1,000,000 in additional gross proceeds [2]. - The net proceeds from the offering will be allocated for drilling on the Los Chorrillos Project in Potosí, Bolivia, and for general working capital [2]. - The offering is expected to close around February 20, 2026, subject to necessary approvals, including from the Canadian Securities Exchange [4]. Group 2: Regulatory and Compliance - The shares will be offered through private placement in British Columbia, Alberta, Quebec, Ontario, and the United States, under exemptions from the U.S. Securities Act [3]. - The securities issued will have a hold period of four months and one day from the closing date under Canadian securities laws [4]. Group 3: Insider Participation - Certain insiders and affiliates of the Lead Agent may acquire up to approximately 50% of the offering, which will be considered a related party transaction [5]. - Participation by related parties is expected to be exempt from formal valuation and minority shareholder approval requirements as their subscription value is not anticipated to exceed 25% of the company's market capitalization [5]. Group 4: Fees and Compensation - The Company will pay the Lead Agent a cash agency fee of 8% of the aggregate gross proceeds and issue broker warrants equal to 8% of the number of shares issued [6]. - A corporate finance fee of 5% of the aggregate gross proceeds will also be paid to the Lead Agent through the issuance of shares at the issue price [6]. Group 5: Company Overview - Cartier Silver Corporation focuses on exploring and developing silver property assets, including the Los Chorrillos Project in Bolivia, and holds significant iron ore resources in Quebec and gold properties in Newfoundland and Labrador [8].