Centurion Announces $200,000 Private Placement
Vancouver, B.C., June 23, 2017. Centurion Minerals Ltd. (CTN: TSX-V) (“Centurion”, or the “Company”) announces it has arranged a non-brokered private placement for up to $200,000 priced at $.05/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each warrant will be exercisable for one common share at $0.10 for the first year and at $0.15 for the second year following the closing. Closing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-month hold period.
Proceeds from this financing shall be used by the Company as operating expenses for the Ana Sofia, Argentina agri-gypsum plant and for general corporate purposes.
A total of $86,600 of Centurion’s previously announced private placement for $175,000 at $0.07/unit was completed and the balance of this financing has been cancelled.
Centurion Minerals Ltd. is a Canadian-based company with an international focus on the exploration and development of agri-mineral and precious mineral projects.
On Behalf of the Board,
David G. Tafel
President and CEO