Mr. David Tafel reports
CENTURION ANNOUNCES PRIVATE PLACEMENT
Centurion Minerals Ltd. has arranged a non-brokered private placement financing for up to $250,000 priced at five cents per unit.
Each unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable at eight cents for one common share of the company for a period of three years from closing.
Financing proceeds are to be allocated for exploration, working capital and general corporate activities. Closing will be subject to TSX Venture Exchange approval, and any shares issued will be subject to a four-month hold period.
About Centurion Minerals Ltd.
Centurion is a Canadian-based company with a focus on precious mineral asset exploration and development in the Americas. Centurion has the right to earn a 100-per-cent interest in the Casa Berardi West gold project, which is located in the prolific gold-producing greenstone belt of Northeastern Ontario.
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