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TORONTO, Jan. 15, 2024 (GLOBE NEWSWIRE) — Cartier Silver Company (CSE: CFE) (“Cartier Silver” or the “Firm”) is happy to report that by its Bolivian subsidiary, Minera Cartier Bolivia S.R.L. (“Cartier Bolivia”), it has acquired 30% of the capital quotas (the “Acquisition”) of Empresa Minera Gonalbert S.R.L. and Empresa Minera Segovia S.R.L. (the “Distributors”), who’re the registered title holders of two separate properties, the Gonalbert Mining Space and Felicidad Mining Space, each a part of the Firm’s Chorrillos Mission, positioned in Southern Bolivia.
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The Acquisition was accomplished pursuant to the definitive acquisition settlement entered into between Cartier Bolivia and the Distributors (the “Settlement”) dated December 12, 2022, whereby Cartier Bolivia accomplished staged funds aggregating US$300,000 as consideration for 30% of the Distributors’ capital quotas. As per the Settlement, Cartier Bolivia can purchase 100% of the Distributors’ capital quotas for mixture consideration of US$4.5 million, to be paid in staged funds on or earlier than December 12, 2027.
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With the beforehand introduced staking of extra claims overlaying 29.25 sq. km instantly south and west of the Felicidad and Gonalbert properties, and the acquisition of a further declare in the identical belt roughly 5 km south of Tupiza, Bolivia, the holdings of Cartier Bolivia within the expanded Chorrillos Mission complete 69.75 sq. km.
About Cartier Silver Company
Cartier Silver is an exploration and improvement Firm targeted on discovering and creating its lately acquired silver property belongings, together with the Chorrillos Mission and claims staked by the Firm’s subsidiary, all of that are positioned within the Potosi Division of southern Bolivia. The Firm additionally holds vital iron ore assets at its Gagnon Holdings within the southern Labrador Trough area of east-central Quebec, and the Large Simple gold property within the Burin Peninsula epithermal gold belt within the Avalon Zone of jap Newfoundland & Labrador.
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For additional data please go to Cartier Silver’s web site at www.cartiersilvercorp.com
For additional data please contact:
| Thomas G. Larsen |
Jorge Estepa |
| Chief Govt Officer | Vice-President |
| (800) 360-8006 | (800) 360-8006 |
| (416) 360-8006 | (416) 360-8006 |
The CSE has not reviewed nor accepts duty for the adequacy or accuracy of this launch.
Statements on this launch that aren’t historic details are “forward-looking statements”
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