- Cartier Resources (ECR, Financial) partners with Exploits Discovery Corp through a significant option agreement.
- Exploits Discovery Corp gains the opportunity to fully acquire three valuable exploration properties in Québec.
- The agreement involves substantial financial commitments and share issuances, showcasing potential growth for both companies.
Strategic Partnership Announcement
In a strategic move to enhance its exploration capabilities, Cartier Resources (ECR) has entered into a pivotal option agreement with Exploits Discovery Corp. This agreement marks an important step for both companies, offering Exploits Discovery Corp the opportunity to fully acquire three highly prospective exploration properties located in Québec.
Key Financial Terms
The four-year agreement details significant financial commitments designed to benefit both parties. Under the terms, Exploits Discovery Corp is required to pay an impressive sum of $1.75 million. Additionally, they will issue 9.25 million shares, which underscores the importance and potential value of this collaboration. Over the course of the agreement, Exploits Discovery Corp must also invest $12.25 million in exploration activities.
Implications for Investors
This option agreement represents a promising opportunity for investors interested in the mining and exploration sector. The sophisticated structure combines immediate financial investment with long-term exploration commitments, which may yield significant returns. This partnership aligns with the growth strategies of both Cartier Resources and Exploits Discovery Corp, indicating a potentially lucrative investment landscape in the Québec region.
