Centurion Minerals Limited: Closes First Tranche of Private Placement
VANCOUVER, Feb 13, 2015 - Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement and issued 4,028,000 Units priced at $0.05 for total gross proceeds of $201,400. Each Unit consists of one common share and one warrant. Each warrant will be exercisable for one common share at $0.10 for a period of two years following the closing and will be subject to a four month hold period expiring in June 2015. Finders' fees of $8,000 have been paid. Proceeds from this financing shall be used to advance its Myanmar gold project strategy, and general corporate purposes.
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company focused on the exploration and development of gold and other precious metal projects in Southeast Asia.
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.
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.
Contact
Centurion Minerals Ltd.
David G. Tafel
President and CEO
(604) 484-2161
(604) 683-8544
info@centurionminerals.com
www.centurionminerals.com