Century Mining Closes Remainder of Flow-Through Share Financing
BLAINE, WA, April 3 /CNW/ - Century Mining Corporation (CMM: TSX-V) announced today that it has closed the remaining balance of a non-brokered private placement of 1,902,474 flow-through shares at a subscription price of C$0.13 per flow-through share for gross proceeds of C$247,321. Today's closing completes the flow-through financing originally announced on March 24, 2009 of 15,384,615 flow-through shares for total gross proceeds of $2.0 million.
About Century Mining Corporation
Century Mining Corporation is a junior gold producer. The Company owns and is working towards the restart of the Lamaque mine in Québec that historically has produced over 9.2 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production. Total gold production for 2006 and 2007 was 70,401 ounces and 63,124 ounces of gold, respectively.
"Margaret M. Kent"
Chairman, President & CEO
No comments:
Post a Comment