|
| Home : Century Announces $5.5M Private Placements and Closing of Prior $1M Private Placement |
|
Sep 15
2011 |
Century Announces $5.5M Private Placements and Closing of Prior $1M Private Placement |
|
VAL D'OR, QUEBEC--(Marketwire - Sept. 14, 2011) - Century Mining Corporation ("Century" or "the Company") (TSX VENTURE:CMM) announces that it intends to complete a private placement financing of units (the "Units") of the Company, at a price of $0.20 per Unit, for gross proceeds of up to $2,750,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one common share of the Company at $0.40 for 18 months from closing. With respect to a portion of this Unit private placement the Company will pay cash commissions of 6.5% of the gross proceeds and will issue compensation options equal to 6.5% of the number of Units sold. The compensation options will be exercisable for the purchase of Units of the Company for a period of 18 months following the closing date, at an exercise price equal to the Unit price. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1561197&sourceType=3 |
| |
|
Related News
|
» Genoil Inc. Announces Closing of Shares for Debt Transaction
» Fjordland Closes Final Tranche of Financing
|
|
|
