Century Global Announces Completion of Third Tranche of Century Metals Special Warrant Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN
THE UNITED STATES OR TO U.S. NEWS AGENCIES
For Immediate Release TSX: CNT
CENTURY GLOBAL ANNOUNCES COMPLETION OF THIRD TRANCHE OF CENTURY METALS SPECIAL
WARRANT PRIVATE PLACEMENT
Toronto, Canada, November 5, 2018 – Century Global Commodities Corporation (“Century” or the
“Company”) today provided the following update relating to the Company’s planned spin -out of its
subsidiary, Century Metals Inc. (“ Century Metals”), as disclosed in the Company’s news release dated
June 20, 2018.
Century Metals has completed the third tranche of its private placement of special warrants (the “Special
Warrants”) at a price of $0.06 per Special Warrant (th e “ Special Warrant Private Placement ”) on
November 2, 2018. The third tranche involved the issuance of an additional 1,267,000 Special Warrants
for gross proceeds of $76,020. In total, Century Metals has now issued a total of 7,061,999 Special
Warrants fo r aggregate proceeds of $423,719.94. In addition, Century subscribed for an additional
1,333,333 common shares of Century Metals at $0.06 per share for total cash proceeds to Century Metals
of approximately $80,000. In total, Century has subscribed for 7,166,666 common shares for total cash
proceeds to Century Metals of approximately $430,000.
Each Special Warrant will be convertible into common shares of Century Metals (the “Special Warrant
Shares”) on a one -for-one basis upon the earliest of (i) effect iveness of a prospectus qualifying the
distribution of the Special Warrant Shares issuable upon conversion of the Special Warrants, and (ii) six
months from the date of issuance of the Special Warrants. No broker or finder fees were paid on this
private placement exercise. Certain subscribers of Special Warrants have agreed to voluntary escrow their
Special Warrant Shares upon conversion of the Special Warrants with 25% of the Special Warrant Shares
released to them upon the listing of the common shares of Century Metals on the TSX Venture Exchange
with an additional 25% becoming available every four months, to the extent required by the TSX Venture
Exchange.
For additional information regarding Century Metals and the Special Warrant Private Placement, please
refer to the Company’s news releases dated June 20, 2018, July 13, 2018 and September 7, 2018.
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About Century
Century Global Commodities Corporation (TSX:CNT), having established itself as one of the world’s largest
iron ore resource owners and developers over the course of the last decade, is diversifying into non -
ferrous opportunities while awaiting a full recovery of the iron sector. Capitalizing on its business network
and relationships in the China market, it started a quality food business there a few years ago, as an
auxiliary unit that would create value for our shareholders during the global mining down cycle and has
successfully established it as a n ew growing business segment reporting many quarters of solid revenue
growth.
Iron Ore
With Baowu and Minmetals, both Global Fortune 500 companies, as Chinese strategic partners, Century
owns one of the largest iron ore mineral resource bases in the world, across five projects in Quebec and
Newfoundland and Labrador. Joyce Lake, a direct shipping ore project in Newfoundland and Labrador, is
the company’s most advanced project. It has completed feasibility and permitting studies and can be
brought to production within approximately 30 months. Century is maintaining its properties ready for a
return to sustained higher iron ore prices.
Non-ferrous Metals
Century is monitoring Investment and acquisition opportunities in the non -ferrous metals sector. When
the right opportunity presents itself, our strong balance sheet will allow us to acquire cost effective assets.
Quality Food
Quality food products sourced from advanced countries are in great demand from the quickly -growing
middle class in China. The emphasi s is on the need for safe, high -quality food products. Century has
established a professional marketing team and built a distribution system to serve Hong Kong and
eventually throughout China.
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 PLANNED SPIN-OUT OF CENTURY
METALS AND THE PROCEEDS TO BE RAISED UNDER THE SPECIAL WARRANT PRIVATE PLACEMENT.
FORWARD-LOOKING INFORMATION IS BASED ON, AMONG OTHER THINGS, OPINIONS, ASSUMPTIONS,
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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, 2018. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARDLOOKING
INFORMATION AND SHOULD NOT RELY UPON TH IS 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.