Century Announces Filing of Second Quarter Financial Results, Management Discussion and Analysis
November 12 2019 - 7:00AM
Century Global Commodities Corporation (“Century”
or the “Company”) is pleased to announce that it has filed its
condensed consolidated interim financial statements for the second
fiscal quarter ended September 30, 2019 and the related management
discussion and analysis (“MD&A”). Copies of these documents are
available under Century’s SEDAR profile at www.sedar.com and will
be posted on Century’s website at www.centuryglobal.ca.
About Century
Century Global Commodities Corporation (TSX:CNT)
has established a large portfolio of iron ore projects with
extensive resources in Canada and has other metals and non-metals
operations as follows.
Iron Ore
With Baowu and Minmetals, both Global Fortune
500 companies, as Chinese strategic partners, Century owns one of
the largest iron ore mineral resource bases in the world, across
five projects in Quebec and Newfoundland and Labrador. Joyce Lake,
a direct shipping iron ore (“DSO”) project in Newfoundland and
Labrador, is our most advanced project. It has completed
feasibility and permitting studies and can be brought to production
within approximately 30 months. We are maintaining our properties
ready for advancement after a return to sustained higher iron ore
prices.
Base and Precious Metals
Century is monitoring investment and acquisition
opportunities in the base and precious metals sector. When the
right opportunity presents itself, our liquid balance sheet will
allow us to invest or acquire cost-effective assets during the low
base and precious metal price cycle, positioning ourselves for
gains when the market improves. To that end, Century Metals Inc.,
now listed on TSX-V under the ticker symbol CMET, was created and
spun out to provide more flexibility for execution.
Quality Food Services
Century has established a professional marketing
team and built a distribution system of quality food products
sourced from advanced countries to serve the Hong Kong market.
For further
information please contact:
Sandy Chim, President & CEO
Century Global Commodities Corporation 416-977-3188
IR@centuryglobal.ca |
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CAUTIONARY STATEMENT ON FORWARD-LOOKING
INFORMATION
THIS PRESS RELEASE CONTAINS “FORWARD-LOOKING
INFORMATION” WITHIN THE MEANING OF CANADIAN SECURITIES LEGISLATION.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF CENTURY AS OF THE DATE OF THIS PRESS
RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.
FORWARD-LOOKING INFORMATION INCLUDES INFORMATION THAT RELATES TO,
AMONG OTHER THINGS, CENTURY’S INTENTION TO EVALUATE PROSPECTIVE
TRANSACTIONS ARISING FROM THE REVIEW BY CENTURY OF ITS STRATEGIC
OPTIONS AND ITS AVAILABLE WORKING CAPITAL. FORWARD-LOOKING
INFORMATION IS BASED ON, AMONG OTHER THINGS, OPINIONS, ASSUMPTIONS,
ESTIMATES AND ANALYSES THAT, WHILE CONSIDERED REASONABLE BY CENTURY
AT THE DATE THE FORWARD-LOOKING INFORMATION IS PROVIDED, ARE
INHERENTLY SUBJECT TO SIGNIFICANT RISKS, UNCERTAINTIES,
CONTINGENCIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS AND
EVENTS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED
BY THE FORWARD-LOOKING INFORMATION. THE RISKS, UNCERTAINTIES,
CONTINGENCIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THE
FORWARD-LOOKING INFORMATION MAY INCLUDE, BUT ARE NOT LIMITED TO,
RISKS GENERALLY ASSOCIATED WITH CENTURY’S BUSINESS, AS DESCRIBED IN
CENTURY’S ANNUAL INFORMATION FORM FOR THE YEAR ENDED MARCH 31,
2019. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE CENTURY MAY ELECT TO, IT DOES NOT UNDERTAKE TO
UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED
IN ACCORDANCE WITH APPLICABLE LAWS.
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