Cartier Resources Inc (TSXV:ECR) has signed a sale agreement with Copper One Inc. (TSXV:CUO) to acquire 100% interest in the Rivière Doré copper-nickel project in Val-d’Or, Quebec.

As quoted in the press release:

Under the terms of the Sale Agreement, Copper One will acquire a 100% interest in the Project by paying to Cartier an amount of $150,000 in cash, issuing to Cartier 2,000,000 common shares and granting to Cartier a royalty of 1% of the net smelter return in connection with ore extracted from the Project.

Click here to read the Cartier Resources Inc (TSXV:ECR) press release.