Mr. David Tafel reports
CENTURION ANNOUNCES ADDITIONAL SHARES FOR DEBT SETTLEMENTS
Further to the news release dated May 7 whereby Centurion Minerals Ltd. had agreed to settle $335,000 in debt, Centurion has executed agreements with two (arm's length) consultants to settle $80,000 in outstanding debt. A total of $415,000 in debt is proposed to be settled by issuing 5,533,333 common shares valued at 7.5 cents per share. The company determined it prudent to satisfy the outstanding indebtedness with shares to preserve its cash for operations.
The shares-for-debt transactions are subject to TSX Venture Exchange approval.
About Centurion Minerals Ltd.
Centurion is a Canadian-based company with a focus on precious mineral asset exploration and development in the Americas.
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