Centurion Closes First Tranche of Private Placement
August 07 2013 - 3:05PM
Marketwired Canada
Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") announces
that it has closed a first tranche of a non-brokered private placement, in the
amount of 1,566,429 Units priced at $0.07. Each Unit consists of one common
share and one half warrant. Each whole warrant is exercisable for one common
share at $0.10 for a period of eighteen months and will be subject to a four
month hold period expiring in December 2013. Finders' fees of $840 and 8000
broker warrants exercisable for common shares at $0.10 for a period of eighteen
months have been paid. The Company intends to close one or more additional
tranches to complete its previously announced financing of up to 7,200,000
Units.
Proceeds from this financing shall be used to advance its Myanmar gold project
strategy, current project exploration activities and general corporate purposes.
ABOUT CENTURION
Centurion Minerals Limited is a Canadian-based company focused on the
exploration and development of gold and other precious metal projects in
Southeast Asia.
On Behalf of the Board,
David G. Tafel, President and CEO
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.
This news release may contain forward looking statements concerning future
operations of Centurion Minerals Ltd. (the "Company"). All forward looking
statements concerning the Company's future plans and operations, including
management's assessment of the Company's project expectations or beliefs may be
subject to certain assumptions, risks and uncertainties beyond the Company's
control. Investors are cautioned that any such statements are not guarantees of
future performance and that actual performance and exploration and financial
results may differ materially from any estimates or projections.
FOR FURTHER INFORMATION PLEASE CONTACT:
Centurion Minerals Ltd.
David Tafel
President and CEO
604-484-2161
604-683-8544 (FAX)
info@centurionminerals.com
www.centurionminerals.com
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