VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/29/13 -- Centurion Minerals Ltd. (TSX VENTURE: CTN) ("Centurion", "the Company") announces that it is arranging a non-brokered private placement of up to 7,200,000 Units priced at $0.07 for total gross proceeds of up to $504,000. Each Unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $0.10 for a period of eighteen months following the closing and will be subject to a four month hold period.
Proceeds from this financing shall be used to advance its Myanmar gold project strategy previously announced (March 8 & 12, 2013), project exploration activities and general corporate purposes. The financing is subject to the approval of the TSX Venture Exchange and finders' fees may be paid.
ABOUT CENTURION
Centurion Minerals Limited is a Canadian-based company focused on the exploration and development of gold and other precious metal projects in Southeast Asia.
On Behalf of the Board,
David G. Tafel, President and CEO
This news release may contain forward looking statements concerning future operations of Centurion Minerals Ltd. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Centurion Minerals Ltd.
(604) 484-2161
(604) 683-8544 (FAX)
info@centurionminerals.com
www.centurionminerals.com
