Cartier Silver Corporation announced a non-brokered private placement for gross proceeds of up to CAD 3,000,000 at a price of CAD 0.04 per unit of up to 7,500,000 units on November 22, 2022. Each unit will consist of one common share of the company and one half common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.70 for a period of 30 months following the distribution date.

The closing of the offering will be subject to all required regulatory approval. Some insiders of the company intend to participate in the private placement. All securities issued pursuant to the transaction will be subject to the applicable statutory four-month hold period.