Century Announces Filing of Third Quarter Financial Results and Management Discussion and Analysis
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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN
THE UNITED STATES OR TO U.S. NEWS AGENCIES
For Immediate Release TSX: CNT
Century Announces Filing of Third Quarter Financial Results and Management Discussion and Analysis
for Nine Months Ended December 31, 2021
Hong Kong, February 11, 2022 – Century Global Commodities Corporation (“Century” or the “Company”)
(TSX: CNT) is pleased to announce that it has filed its condensed consolidated interim financial statements
for the third fiscal quarter ended December 31, 2021 and the related management discussion and analysis
(“MD&A”). Copies of these documents are available under Ce ntury’s SEDAR profile at www.sedar.com
and will also be posted on Century’s website at www.centuryglobal.ca.
As of December 31, 2021, the Company had strong working capital of $1 2.4 million, consisting of cash,
bank deposits and marketable securities totaling $ 11.2 million, together with accounts receivables and
other current assets of $3.7 million, less accounts payable and other current liabilities of $2.5 million.
ABOUT CENTURY
Century Global Commodities Corporation (TSX:CNT) is primarily a resource exploration and development
company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly discovered by its
own exploration team. It has other non -ferrous metals properties under exploration as well as a well -
established food distribution business (Century Food) in Hong Kong.
The Joyce Lake DSO Iron Ore Project
Joyce Lake, our most advanced project, is a DSO (direct shipping ore) project in Newfoundland and
Labrador, close to the town of Schefferville, Quebec which is serviced by a rail link directly to ocean
shipping iron ore ports at Sept -Îles. The Project completed a feasibility study in 2015 which is being
updated and is undergoing environmental assessment . Joyce Lake is held in a special purpose vehicle,
Joyce Direct Iron Inc., to be spun out to be a separate listed company.
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Century Food
Century Food is a subsidiary operation of the Company which started a few years ago and is a value-adding
marketing and distribution business of quality food products sourced from such regions as Europe and
Australia and sold in the Hong Kong and Macau markets.
For further information please contact:
Sandy Chim, President & CEO
Century Global Commodities Corporation
416-977-3188
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
THIS PRESS RELEASE CONTAINS “FORWARD -LOOKING INFORMATION” WITHIN THE MEANING OF CANADIAN
SECURITIES LEGISLATION. THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS
THE EXPECTATIONS OF CENTURY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE
AFTER SUCH DATE. FORWARD-LOOKING INFORMATION INCLUDES INFORMATION THAT RELATES TO, AMONG OTHER
THINGS, CENTURY’S OWNERSHIP AND PLANS FOR THE SPIN -0UT, INCLUDING LISTING, FINANCING AND
DEVELOPMENT OF THE JOYCE LAKE DSO IRON ORE PROJECT, INCLUDING (I) PROJECTIONS AS TO THE TIME FRAME
FOR RECEIVING UPDATED PROV INCIAL ENVIRONMENTAL IMPACT ASSESSMENT GUIDELINES, (II) THE ADDITIONAL
WORK REQUIRE TO COMPLY WITH THESE PROVINCIAL GUIDELINES; (III) THE ABILITY OF JDI TO CONTINUE THE
FEDERAL EIS PROCESS UNDER THE CURRENT GRANDFATHER PROVISION AND TO RECEIVE ANY REQUIRED
EXTENSIONS; (IV) THE ABILITY OF JDI TO CONCLUDE BENEFIT AGREEMENTS WITH FIRST NATIONS AND THE
GOVERNMENT OF NEWFOUNDLAND AND LABRADOR; (V) THE TIMELINE FOR COMPLETION OF THE EIS PROCESS BY
JDI; (VI) THE ABILITY OF JDI TO MEET ALL FEDERAL AND PROVISIONAL E IS REQUIREMENTS AND TO ULTIMATELY
SECURE THE REQUIRED ENVIRONMENTAL PERMITTING; AND (VI) THE ABILITY OF JDI TO LIST ITS COMMON SHARES
ON THE NEO AEQUITAS STOCK EXCHANGE, OF WHICH THERE IS NO ASSURANCE. FORWARD -LOOKING INFORMATION
IS BASED ON, AMONG OTHER T HINGS, OPINIONS, ASSUMPTIONS, ESTIMATES AND ANALYSES THAT, WHILE
CONSIDERED REASONABLE BY CENTURY AT THE DATE THE FORWARD -LOOKING INFORMATION IS PROVIDED, ARE
INHERENTLY SUBJECT TO SIGNIFICANT RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS THAT MAY
CAUSE ACTUAL RESULTS AND EVENTS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY THE
FORWARD-LOOKING INFORMATION. THE RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS THAT MAY
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THE FORWARD -LOOKING
INFORMATION MAY INCLUDE, BUT ARE NOT LIMITED TO, RISKS GENERALLY ASSOCIATED WITH CENTURY’S BUSINESS,
AS DESCRIBED IN CENTURY’S ANNUAL INFORMATION FORM FOR THE YEAR ENDED MARCH 31, 2021. READERS
SHOULD NOT PLACE UNDUE IMPO RTANCE ON FORWARD -LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE CENTURY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE
THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.