| Cartier Sells La Pause Property to Sunset Cove Mining | |
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VAL-D'OR, QUEBEC--(Marketwired - Dec 24, 2014) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") announces the sale to Sunset Cove Mining Inc. ("Sunset Cove Mining") of the La Pause gold property, of which Cartier has a 100% interest, in consideration of the issuance of 1,000,000 common shares of Sunset Cove Mining. The La Pause Property comprises 36 claims and is located 800 meters north of the Westwood Mine, near the Town of Cadillac, in Quebec. Cartier will retain a 2% net smelter return royalty, with each tranche of 1% NSR being redeemable for $1,000,000. There are no cash payments and exploration expenditure commitments forming part of this transaction. This transaction is subject to regulatory approvals and the securities will be subject to a four (4) month and one (1) day statutory hold period. Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.
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Cartier Resources Inc.
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EXPLORATION STAGE |
CODE : ECR.V |
ISIN : CA1467721082 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cartier is a gold exploration company based in Canada. Cartier holds various exploration projects in Canada. Its main exploration properties are DOLLIER, RIVIÈRE DORÉ, DIEGO, CADILLAC EXTENSION, KINOJEVIS, LAC CASTAGNIER and RAMBULL in Canada. Cartier is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.8 millions as of today (US$ 3.5 millions, € 3.2 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.22, and its lowest recent point on December 11, 2015 at CA$ 0.04. Cartier has 87 390 795 shares outstanding. |