December 19, 2016 / 10:38 PM / 7 months ago

BRIEF-Cartier resources announces a strategic investment by Agnico Eagle

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Dec 19 (Reuters) - Cartier Resources Inc :

* Cartier Resources announces a strategic investment by Agnico Eagle

* Cartier Resources - on closing of transaction, Agnico will own approximately 19.97 pct of issued and outstanding common shares on a non-diluted basis

* Cartier Resources -agreed to acquire by way of private placement 22.5 million common shares of co at price of $0.20/ common share for proceeds of $4.5 million

* Proceeds from offering shall be primarily used for exploration at cartier's five main projects located in québec Source text for Eikon: Further company coverage:

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