CENTURY MINING CORPORATION ("CMM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect toa Non-Brokered Private Placement announced November 9, 2010:
Number of Shares: 5,555,555 flow through shares
Purchase Price: $0.45 per share
Warrants: 2,777,778 share purchase warrants to purchase 2,777,778 shares
Warrant Exercise Price: $0.60 for an 18 month period
Number of Placees: 5 placees
Finder's Fee: Oberon Capital Corporation receives $175,000 and 277,778 non-transferable compensation warrants, each exercisable for one share at a price of $0.45 for an 18 month period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company mustissue a news release announcing the closing of the private placement andsetting out the expiry dates of the hold period(s). The Company must alsoissue a news release if the private placement does not close promptly. Notethat in certain circumstances the Exchange may later extend the expiry dateof the warrants, if they are less than the maximum permitted term.)
5 comments:
ONE down, ONE to go!!! Peter Ball has indicated progress report out by mid December.
May be, just maybe they have turned the corner(???????). Report should indicate which way and by how much. With all the new low profile in and working full tilt the numbers should be ramping up. I guess we will see how much muck they are putting thru the mills these days. I am looking for ramp-up in the mid-December report. Remember, Hulley promised 10K to 12K ounces for the 2010 Q4. One month to go, albeit a short month.
Prod05, where did you get this from? Century mailing list?
When is the other PP going to be announced closed?
When I do the math, that would mean we should be processing 1100 tons per day at 3.5g/t over 90 days. I am not sure what the Christmas break looks like but it seems possible. It would be quite the turn around if they managed that kind of production. However, it does seem like everything is going smoothly now so anything is possible.
William, Stockwatch had it up on their site. Peter said the other PP was done also but as he is in London was not on top of it. Hopefully it gets announces soon. In the meantime, those of us who did not get in on the PP get to buy more cheap shares.
William, The TSX Venture issues an end of day report each day, called ``TSX Venture Exchange Daily Bulletins``. It includes only TSX Venture (regulatory) activities that come across the TSX Venture desk and gets processed during that particular day, for the various TSX Venture companies.
The report typically gets issued between 5 - 6 pm (eastern time) after hours each day - sometimes earlier, sometimes later.
The bulletin is strictly activity that requires TSX Venture involvement. The activity pertaining to Century Mining today relates to acceptance and filing of the $2.5M PP FT financing document by the TSX Venture. It does not mean that the transaction has been closed off on the Century side at yet (although it is likely either unofficially closed or soon to being closed off given that placees are set and TSX Venture Exchange has given approved). It is up to Century Mining to issue a final NR to state the final terms to the market (ie. 4 month hold period, if one exists). It is up to Century to perform the official close off activity (with the money in the bank, paperwork completed, issuance of shares, etc.).
The daily TSX Venture bulletin can be found at many places each day, including these 2 locations:
http://www.marketwire.com/
http://www.newswire.ca/en/releases/today.cgi
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