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TORONTO, ONTARIO--(Marketwire - May 27, 2011) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) today announced that, subject to regulatory approval, it will complete a non-brokered private placement for gross proceeds of up to $1,000,000 comprising up to 2,631,578 flow-through units of the Company at a price of $0.38 per flow-through unit. Each flow-through unit will consist of one common share issued on a flow-through basis and one-half of one common share purchase warrant. Each whole warrant will be exercisable for one common share at $0.58 for 18 months from closing. |
