Cartier Resources Inc. Signs Agreement with Delta to Option 100% of the Dollier Property
![Cartier Resources Inc. Signs Agreement with Delta to Option 100% of the Dollier Property](https://www.minenportal.de/media/goldseiten-news.jpg)
During the four-year option period, Delta shall have the sole and exclusive right and option to earn a 100% interest (the "Option") by issuing in favour of Cartier of an aggregate of 600,000 common shares of Delta and incurring not less than $1,000,000 in exploration expenditures on the Dollier property. Further to the issuance of the final bulletin of the TSX Venture Exchange Cartier will receive an amount of $10,000 in cash and 100,000 common shares of Delta. All shares issued to Cartier under the Agreement will be subject to a statutory four (4) month hold period.
Upon the exercise of the Option, Cartier will be granted a 2% NSR production royalty on the Dollier property, half of which (1% NSR) will be redeemable for $ 2,000,000 and the other half (1% NSR) will be redeemable for $ 15,000,000.
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law.
For more information, please contact: Philippe Cloutier, P.Geo. President and CEO Telephone: 819 856-0512 philippe.cloutier@ressourcescartier.com www.ressourcescartier.com |
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.