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| Home : Century Closes Financings |
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Sep 16
2011 |
Century Closes Financings |
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VAL D'OR, QUEBEC--(Marketwire - Sept. 15, 2011) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) announces that it has closed a private placement financing of 12,540,500 units (the "Units") of the Company, at a price of $0.20 per Unit, for gross proceeds of $2,508,100. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable for one common share of the Company at $0.40 for 18 months from closing. With respect to this Unit private placement the Company paid cash commissions of $70,265 and issued 351,325 compensation options. The compensation options are 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. |
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| Source:http://www.marketwire.com/mw/release.do?id=1561686&sourceType=3 |
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