|April 26, 2010|
Centurion Minerals Engages Maison Placements for $5 Million Brokered Private Placement
|Vancouver, B.C., April 26, 2010. Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", "the Company") is pleased to announce that it has engaged Maison Placements Canada Inc. to act as lead underwriter in a private placement of up to 5,000,000 Units priced at $1.00 for total gross proceeds of up to $5,000,000. Each Unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $1.30 for a period of eighteen months following the closing.|
Proceeds from this financing will be used for exploration and drilling programs on the Company's properties, due diligence of further potential projects, and for general working capital purposes. The offering is subject to the approval of the TSX Venture Exchange.
Centurion's geological team; augmented and headed by an additional independent consulting exploration geologist Mr. Dylan Jeffriess, P.Geo, has commenced initial reconnaissance work at the Company's Northern Sumatra properties and are currently compiling and confirming available historical data that will lead to a comprehensive exploration plan to be carried out in the near future. Mr. Jeffriess has over 12 years of mineral exploration experience in epithermal gold and porphyry gold/copper deposits in the Australasia region as well as in Latin America, China and Sweden. He has held a number of exploration and operational positions for companies such as Goldfields Australasia Pty Ltd, Minera Goldfields, and Rio Tinto Exploration Peru.
Maison Placements Canada Inc., (est. 1955) is a leading independent Canadian research-based, institutional investment dealer and is a participating organization of the Toronto Stock Exchange. The firm has a reputation for quality research, a well-established investment banking business, and an extensive network of global institutional contacts.
Centurion Minerals Limited is a Canadian-based company focused on the procurement, exploration and development of gold and other precious metal projects in Northern Sumatra, Indonesia and Canada.
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 May 4, 2010, Centurion Executes Agreements for Banda Raya and Halimon Gold Properties Located Directly North of the Miwah Discovery in Aceh, Sumatra; Receives IUP Mining Exploration Licenses
You can view the Previous News Releases item: Mon Mar 8, 2010, Centurion Announces Options Grant
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