Friday, November 13, 2009

TSX-V accepts filing for the remaining $2.7M bridge financing

Maybe we will see a Century announcement soon. Fyi, no warrants were required for the purchaser. We are set now in terms of financing if/once Finskiy and Scola closes their PP. Their PP includes the $16M required to get the US$33M bank financing. Also, Finskiy and Scola has a stand-by guarantee for the remaining $5M to make up the $21M PP.

From today's TSX-V bulletin:

CENTURY MINING CORPORATION ("CMM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 13, 2009
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced October 13, 2009:

Second Tranche:

Number of Shares: 13,500,000 shares

Purchase Price: $0.20 per share

Number of Placees: 7 placees

Finder's Fee: $108,000 cash and *540,000 warrants payable to
Oberon Capital Corporation (David LeClaire)

* Finder's fee warrants are exercisable at $0.20 per share for 18 months.

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