Cartier Resources Inc. announced a private placement to issue 1,457,143 common shares at an issue price of CAD 0.14 per share for the gross proceeds of CAD 204,000 on May 9, 2023. The transaction included participation from returning investor Agnico Eagle Mines Limited owns approximately 15.55% of the issued and outstanding Common Shares on a non-diluted basis and 17.33% of the issued and outstanding Common Shares on a partially-diluted basis. The securities issued under the transaction will be subject to a four month statutory hold period.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee including aggregate existing insider involvement of one insider for 1,457,143 shares.