|January 15, 2010|
Centurion Closes $100,000 Non-Brokered Private Placement
|Vancouver, B.C., January 15, 2010. Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion" or "the Company") is pleased to announce that its non-brokered private placement financing announced January 11, 2010 has closed and the Company is to issue 200,000 units priced at $0.50 for total gross proceeds of $100,000. Each unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $0.64 for a period of two years from closing. Finders' fees of $4500 are to be paid.|
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.
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
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: Tue Feb 16, 2010, Centurion Executes Binding Agreement; Receives (IUP) Mining License On Badak Property In Northern Sumatra, Indonesia
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