|January 06, 2010|
Centurion Increases Non-Brokered Private Placement
|Vancouver, B.C., January 6, 2010. Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion" or "the Company") is pleased to announce that its non-brokered private placement financing announced December 22, 2009 has been oversubscribed and the Company has increased the offering from 1,000,000 units up to 1,200,000 units priced at $0.50 for total gross proceeds of up to $600,000. Each unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $0.60 for a period of two years from closing. Proceeds from this financing will be used for general working capital purposes, due diligence of potential projects and to advance exploration programs on the Company's current properties. The financing is subject to regulatory approval. |
Centurion is a Canadian-based company focused on the procurement, exploration and development of gold and other precious metal projects.
On Behalf of the Board,
"David G. Tafel"
President and CEO
Neither 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.
For Further Information Contact:
President and CEO
This news release may contain 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.
You can view the Next News Releases item: Mon Jan 11, 2010, Centurion Closes Non-Brokered Private Placement
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