My guess is that Century is waiting for TSX-V

I have been looking everyday and the TSX-V hasn't approved for filing at yet (at least they haven't made it public through their daily bulletins).

Perhaps it's taking longer due to added layers of complexity. For example, the bridge PP was announced for FT shares only (no warrants). However, if Finskiy and Scola subsequently joined the PP then their allotment would likely be common shares and warrants, as (being non-Canadians) they likely have little use (if any) for the benefits of FT shares. As such, the TSV-V may require more time to review the documents if the bridge financing now includes FT shares, regular common shares and warrants, and if additional parties are now taking down the PP.

I don't know if this is what Century is waiting for before issuing the NR. It would make sense though, given the large size of the PP. This would also be consistent with the last PP closed off by Century, which was delayed also. However, if you look back it would appear as if Century was waiting for the TSX-V filing also, prior to issuing the close off NR.

Sept 22'09 - TSX-V includes approved for filing note in its daily bulletin with regards to Century's C$1.1M financing.

Sept 22'09 - Century issues NR that C$1.1M financing has been closed off.

You see, the same day, and it was after the targeted date.

It's not always in-sync though. Sometimes Century issues their NR ahead of TSX-V's bulletin note. That could simply be a timing delay between when Century gets verbal notification of approval versus when the info gets published into the TSX-V bulletin. I guess the bottom line is that theoretically a PP cannot truly be closed off without the approval of the TSX-V.

Given the high dollar value of this current bridge financing, it is more than likely that Century is waiting for TSX-V to approve the filing (although there could be other factors behind the delay also).