|December 31, 2015|
Centurion Closes Oversubscribed Private Placement
|Vancouver, B.C., December 31, 2015. Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", "the Company") is pleased to announce that it has closed a second tranche of a non-brokered private placement and issued 916,000 Units priced at $0.05 for total gross proceeds of $45,800. The previously announced $250,000 financing was oversubscribed and the Company raised total gross proceeds of $262,000. Each Unit consists of one common share and one warrant. Each warrant will be exercisable for one common share at $0.10 during the first year or $0.15 during the second year, following the closing. The shares are subject to a four month hold period expiring in April 2016. Finders' fees of $1,818 have been paid.|
Proceeds from this financing shall be used for investigating project acquisitions, and general corporate purposes.
Centurion Minerals Limited is a Canadian-based company focused on the exploration and development of gold and other mineral projects.
On Behalf of the Board,
"David G. Tafel"
President and CEO
For Further Information:
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.
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.
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