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VAL D'OR, QUÉBEC--(Marketwire - June 13, 2011) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) announced today that it has closed a non-brokered private placement of 4,000,490 flow-through units at a subscription price of $0.38 per flow-through unit for gross proceeds of $1,520,186. Each flow-through unit consisted of one common share issued on a flow-through basis and one-half of one common share purchase warrant. Each whole warrant is exercisable for one common share at $0.58 for 18 months from closing. This financing was originally announced on May 27, 2011 and an increase in the amount of the offering was announced on June 7, 2011. Century paid finder's fees of $62,330 representing 6% of the value of the flow-through units purchased by certain investors introduced to the Company. |
