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Centurion Minerals Ltd. (TSXV: CTN) ("Centurion", or the "Company") wishes to announce it has arranged a (fully subscribed) non-brokered private placement offering of 19,047,619 Units priced at $0.0525 for proceeds of $1,000,000.
Each Unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable at $0.10 for one common share of the Company for a period of 3 years from closing. Financing proceeds are to be allocated for ongoing exploration, working capital and general corporate activities.
Closing is subject to final TSX-V Exchange approval. The common shares and warrants are subject to a statutory four-month hold period from the date of issuance. In addition, the private placement subscribers have agreed to a contractual 12-month hold period from the time of closing.
About Centurion Minerals Ltd.
Centurion Minerals Ltd. is a Canadian-based company with a focus on precious mineral asset exploration and development in the Americas.
"David G. Tafel"
President and CEO
For Further Information Contact:
David Tafel
info@centurionminerals.com
604-484-2161
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: expectations for other economic, business, and/or competitive factors.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302615
