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Centurion Minerals Ltd. (TSXV: CTN) ("Centurion", or the "Company") is pleased to announce that further to its news releases (October 22, 2025, November 14, 2025 and December 08, 2025) it has closed a second and final tranche of its previously announced non-brokered private placement and issued 1,050,000 units (each a "Unit") priced at $0.05 per Unit for proceeds of $52,500. (The Company has issued a total of 5,200,000 Units and raised gross proceeds of $260,000 in this private placement.) Each Unit is comprised of one common share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant is exercisable into a Common share for a period of 36 months at an exercise price of $0.08.
Financing proceeds are being allocated for working capital and general corporate activities. The shares will be subject to a 4-month hold period expiring on May 23, 2026. Finders' fees being paid are $4,200 in cash and 84,000 broker warrants (The Company has paid a total of $16,200 and issued 324,000 brokers' warrants related to this placement). Each broker warrant is non-transferable and exercisable into a common share for a period of 36 months at an exercise price of $0.08. No insiders participated in the second tranche closing. The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.
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"
CEO and Director
For Further Information Contact:
David Tafel
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 Statement Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the timing of Project approvals; the timing, terms and completion of any proposed private placement; the expected use of proceeds from the financing.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281323
