Centurion Increases Private Placement
Vancouver, B.C., July 19, 2017. Centurion Minerals Ltd. (CTN: TSX-V) (“Centurion”, or the “Company”) reports that its previously announced $200,000 non-brokered private placement has been oversubscribed and the Company has increased it to up to $350,000. 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. Closing is 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.
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