Business
Centurion Closes Over-subscribed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2017) - Centurion Minerals Ltd. (...
About this update from Centurion Minerals Ltd.
[{"type":"text","content":"\nCenturion Closes Over-subscribed Private PlacementVancouver, British Columbia--(Newsfile Corp. - February 24, 2017) - Centurion Minerals Ltd. (TSXV: CTN) (\"Centurion\", \"the Company\") is pleased to announce that it has closed a second tranche of a non-brokered private placement and issued 3,692,143 Units priced at $0.07 for proceeds of $258,450. The Company previously announced a first tranche closing of $321,000 and subsequently increased the total funds to be raised from $350,000 to $579,000. Each Unit consists of one common share and one warrant. Each warrant will be exercisable for one common share at $0.12 during the first year or $0.15 during the second year, following the closing. Finders fees of $8,347 and 113,250 broker warrants (having the same terms as the subscribers) have been paid. The shares are subject to a four month hold period expiring in June, 2017.Proceeds from this financing shall be used to advance the Ana Sofia, Argentina agri-gypsum plant and for general corporate purposes. ABOUT CENTURIONCenturion Minerals Ltd. is a Canadian-based company with an international focus on the exploration and development of gold and agri-mineral projects.On Behalf of the Board,\"David G. Tafel\"President and CEOFor Further Information:David TafelDirector604-683-1991Neither 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 contains 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. Such statements include, among others: possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; changes in pro...