Cartier Iron (TSE:CFE) has released an update.
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Cartier Silver Corporation has successfully completed a non-brokered private placement, raising $1.8 million through the issuance of 7.2 million units at $0.25 each. The proceeds from this financing are earmarked for exploration activities at the Chorrillos Project in Bolivia and general working capital. The transaction included participation from insiders, which was deemed a related party transaction, but did not require formal valuation or minority shareholder approval due to its size relative to the company’s market capitalization.
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