On August 11, 2020, Cartier Resources Inc. closed a private placement of 21,778,200 flow-through common shares at a price of $0.43 per share for aggregate gross proceeds of approximately $9.3 million, which includes the exercise of the agent’s over-allotment option.
The offering was completed through Paradigm Capital Inc. as sole agent.
Cassels acted for Paradigm with a deal team that included Chad Accursi, Randall Blom and Conrad Lee (Securities and Mining).