Common Contracts

AGENCY AGREEMENT

Agency Agreement • July 6th, 2021 • Ontario

• Contract Type
  Agency Agreement
• Filed
  July 6th, 2021
• Jurisdiction
  Ontario

The undersigned, Cormark Securities Inc. (the “Agent”) understands that Cartier Iron Corporation (the “Company”) proposes to issue and sell: (i) up to 16,666,667 conventional units of the Company (the “Offered Conventional Units”) at a price of $0.09 per Offered Conventional Unit; and (ii) up to 25,000,000 “flow-through” units of the Company (the “Offered FT Units”) at a price of $0.12 per Offered FT Unit (the “FT Unit Issue Price”), for aggregate gross proceeds of up to approximately $4,500,000 by way of private placement on a “best efforts agency” basis upon and subject to the terms and conditions contained herein. In addition, the Company hereby grants the Agent an option (“Agent’s Option”) to increase the size of the Offering by up to an additional 2,500,000 Offered Conventional Units (the “Additional Conventional Units”) and up to an additional 3,750,000 Offered FT Units (the “Additional FT Units”) for additional gross proceeds of up to $675,000. The Agent’s Option is exercisable