Centurion Closes $251,000 Private Placement
Vancouver, B.C., July 24, 2017. Centurion Minerals Ltd. (CTN: TSX-V) (“Centurion”, or the “Company”) wishes to announce that it has closed a first tranche of its non-brokered private placement and issued 5,024,780 Units for gross proceeds of $251,239. Each Unit is priced at $0.05 and 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. Finders fees of $1475 and 29,500 broker warrants (having the same terms as the subscribers) have been paid. The shares are subject to a four month hold period expiring in November 2017.
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.
Centurion Minerals Ltd. is a Canadian-based company with an international focus on the exploration and development of agri-mineral fertilizers and other mineral projects.
On Behalf of the Board,
David G. Tafel
President and CEO