Century Global Commodities Corporation Provides Update on Century Metals Special Warrant Private Placement
Century Global Commodities Corporation Provides Update on Century Metals
Special Warrant Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
TORONTO, July 13, 2018 -- Century Global Commodities Corporation (“Century” or the “Company”) today provided the
following update relating to 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 initial tranche of its private placement of up to 12,000,000 special warrants (the “ Special
Warrants”) at a price of $0.06 per Special Warrant (the “Special Warrant Private Placement ”). The initial tranche involved
the issuance of 4,531,999 Special Warrants for gross proceeds of approximately $271,919.94. Each Special Warrant will be
convertible into common shares of Century Metals on a one-for-one basis upon the earliest of (i) effectiveness of a prospectus
qualifying the distribution of the common shares issuable upon conversion of the Special Warrants, and (ii) six months from
the date of issuance of the Special Warrants. Century Metals is continuing with the Special Warrant Private Placement and
the Company will provide further updates upon any additional closings under the private placement. No broker or finder fees
were paid on this private placement exercise.
For additional information regarding Century Metals and the Special Warrant Private Placement, please refer to the Company’s
news release dated June 20, 2018.
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 new 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 emphasis 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, 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 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.