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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].
Cartier Silver Announces Closing of Upsized $2 Million Brokered Private Placement Led by Centurion One Capital
Newsfile· 2025-10-30 00:10
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]
Cartier Silver Announces $1.5 Million Brokered Private Placement Led by Centurion One Capital
Globenewswire· 2025-10-09 01:23
Core Viewpoint - Cartier Silver Corporation has announced a brokered private placement to raise up to $1,500,000 through the sale of up to 12,000,000 units at an issue price of $0.125 per unit, with proceeds aimed at drilling on the Los Chorrillos Project in Bolivia and for general working capital purposes [1][2]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one-half of a share purchase warrant, with each full warrant allowing the purchase of one share at $0.20 for 36 months [1]. - The Lead Agent will receive an 8% cash agency fee on the total proceeds and broker warrants equal to 8% of the units issued [1]. - The Offering may be increased by up to 1,800,000 units for additional proceeds of $225,000 [1]. Group 2: Regulatory and Closing Information - The Offering is expected to close around November 11, 2025, subject to necessary approvals, including from the Canadian Securities Exchange [4]. - The securities issued will have a hold period of four months and one day from the closing date [4]. Group 3: Insider Participation - Certain insiders of the Company and the Lead Agent may acquire up to approximately 50% of the Offering, which will be considered a related party transaction [5]. - Participation by insiders is expected to be exempt from formal valuation and minority shareholder approval requirements as their subscription value is not expected to exceed 25% of the Company's market capitalization [5]. Group 4: Company Overview - Cartier Silver is focused on exploring and developing silver property assets, including the Los Chorrillos Project in Bolivia, and holds significant iron ore resources and a gold property in Canada [8].