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Centenera Mining Announces Non-Brokered Private Placement
Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part,
About this update from Latin Metals Inc
[{"type":"text","content":" Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, June 29, 2018 (GLOBE NEWSWIRE) -- Centenera Mining Corporation (“Centenera” or the “Company”) - (TSXV:CT) (OTCQB:CTMIF) announces a non-brokered private placement (the \"Financing\") of up to 4,166,666 units (each, a \"Unit\") priced at $0.12 per Unit to raise a total of up to $0.5 million. Each Unit will consist of one common share in the capital of the Company (each, a \"Share\") and one common share purchase warrant (each, a \"Warrant\"), with each Warrant entitling the holder thereof to purchase one Share at an exercise price of $0.20 per Share for a period of 36 months from the closing of the Financing. Any securities issued in connection with the Financing will be subject to a hold period of four months and one day in Canada. The proceeds of the Financing are intended to be used to advance the Esperanza and Organullo projects and for general working capital purposes. The Company may pay finder's fees on a portion of the Financing consisting of a cash commission equal to 7% of the gross proceeds raised, and finder's warrants equal to 7% of the total number of Units issued, where each finder's warrant will entitle the holder thereof to purchase one Share at an exercise price of $0.12 per share for a period of 12 months from the closing of the Financing. The Financing is subject to TSX Venture Exchange (\"TSXV\") and other regulatory approval. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States, or in any jurisdiction in which such an offer or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any United States state securities laws, and may not be offered or sold in the United States or to the account or benefit of a “U.S. person” (as defined in Regulation S under the 1933 Act) or a person in the United States absent registration or an applicable exemption from the registration requirements. On Behalf of the Board of Directors of CENTENERA MINING CORPORATION \...