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TORONTO, Oct. 08, 2025 (GLOBE NEWSWIRE) — Cartier Silver Corporation (“Cartier Silver” or “Company“, CSE: CFE) is pleased to announce that it has entered into an agreement with Centurion One Capital Corp. (“Lead Agent“) as lead agent and sole bookrunner in connection with a brokered private placement to raise up to $1,500,000 (“Offer“) by selling up to 12,000,000 units (“Units“) at an issue price of US$0.125 per unit (“Price issue“”) based on commercially reasonable efforts. Each Unit shall consist of one ordinary share in the capital of the Company (each “Share“) and half of one order to buy a Share (each – “Order“). Each whole warrant entitles the holder thereof to purchase one Share (“Share warrant“”) at a price of $0.20 for a period of 36 months from the Closing Date (as defined herein). The Company will pay the Lead Agent an agency fee equal to 8% of the aggregate proceeds received from the Offering and brokerage warrants (“Brokerage warrants“), equal to 8% of the number of Units issued in the Offering. Each Brokerage Warrant entitles the holder to purchase one Share at the Issue Price at any time for a period of three years after the Closing Date. Upon closing of the transaction, the Company will pay to the Lead Agent a corporate financing fee equal to 5% of the aggregate proceeds payable upon the issuance of the Units on the terms set forth above. The Lead Agent also has the option to increase the Offer by an additional amount. 1,800,000 units for additional revenue of $225,000.
The gross proceeds from the Offering will be used for drilling purposes at the Company's Los Chorrillos project in Potosi, Bolivia and for general working capital purposes.
The units to be issued in the Offering will be offered by private placement in each of the provinces and territories of Canada in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (“US Securities Law“), and in jurisdictions outside Canada and the United States as mutually agreed upon by the Company and the Lead Agent, provided that no prospectus filing, registration or similar obligation shall arise in such other jurisdiction.
The Offering is expected to close on or about November 11, 2025 or such other date mutually agreed upon by the Company and the Agents (“Closing date“”) and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange (“CSE“). The securities to be issued in the Offering will have a hold period of four months and one day from the Closing Date.
It is anticipated that certain Company insiders and the Lead Agent may purchase Units of the Offering up to approximately 50% of the Offering. Any participation by insiders in the Offering will constitute a “related party transaction” as defined in Multilateral Instrument 61101. Protection of minority security holders in special transactions (“MI 61-101The Company expects that such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 because neither the fair market value of the Units subscribed to by insiders nor the consideration for Units paid by such insiders is expected to exceed 25% of the Company's market capitalization.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the United States Securities Act and applicable state securities laws or an exemption from such registration.
Contact information
Cartier Silver Corporation
Thomas Larsen, CEO
(416) 360-8006
E-mail: [email protected]
ABOUT CARTIER SILVER CORPORATION
Cartier Silver is an exploration and development company focused on discovering and developing its recently acquired silver assets, including the Chorrillos Project and properties claimed by a subsidiary of the company, all located in the Department of Potosi in southern Bolivia. The Company also owns significant iron ore reserves through its Gagnon Holdings in the southern Labrador Trench in east-central Quebec and the Big Easy gold deposit in the Burin Peninsula epithermal gold belt in the Avalon Zone of eastern Newfoundland and Labrador.
For more information, visit the Cartier Silver website at: www.cartiersilvercorp.com.
ABOUT CENTURION ONE CAPITAL CORP.
Centurion One Capital's mission is to empower the world's most visionary entrepreneurs to solve the greatest challenges of tomorrow by fueling their ambitions with transformative capital, unparalleled experience and a global network of influential connections. Every interaction is based on our core values: respect, integrity, commitment, excellence in execution and uncompromising performance. We make core investments based on time-tested principles of commercial banking, where aligned incentives create strong partnerships. Centurion One Capital: A Superior Approach to Investment Banking.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statements in this release that are not historical facts are “forward-looking statements” and readers are cautioned that any such statements are not guarantees of future performance and that actual events or results may differ materially from these “forward-looking statements.”
A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/aea44b4d-4931-4162-9cec-387ba4a926e3
