Centurion Minerals Ltd.: Closes First Tranche of Private Placement
Vancouver - December 23, 2015 - Centurion Minerals Ltd. (TSXV: 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 4,324,000 Units priced at $0.05 for total gross proceeds of $216,200. 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 $450 and 9000 broker warrants (having the same terms as the places) have been paid. Proceeds from this financing shall be used for investigating project acquisitions, and general corporate purposes.
ABOUT CENTURION
Centurion Minerals Ltd. 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:
David Tafel
Director
604-683-1991
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.