|May 26, 2010|
Centurion Minerals Increases Private Placement By One Million Units
|Vancouver, B.C., May 26, 2010. Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", "the Company") announces, further to its news release dated April 26, 2010, that due to high interest in the brokered private placement of up to 5,000,000 Units priced at $1.00, a second brokered private placement of 1,000,000 Units priced at $1.20 has also been arranged. Each Unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $1.50 for a period of eighteen months following the closing. This placement will also be led by Maison Placements Canada Inc.|
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 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
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: Tue Jun 8, 2010, Centurion Closes $6.2 Million Private Placement Financing
You can view the Previous 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 return to the main News Releases page, or press the Back button on your browser.