Century Provides Information ON Wisco Adi’S Notification
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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 PROVIDES INFORMATION ON WISCO ADI’S NOTIFICATION
Toronto, Canada, June 29, 2020 – Century Global Commodities Corporation (“Century” or the “Company”)
today announced that it has been advised by WISCO Canada ADI Resources Development & Investment Limited
(“WISCO ADI”) that WISCO ADI has initiated a process to list its joint venture interests in Labec Century Iron Ore
Inc. in respect of the Attikamagen Iron Ore Project located in Quebec and Sunny Lake Joint Venture together
with related rights and obligations and debt s (together the “ Joint Venture Interests”) on the Shanghai United
Assets and Equity Exchanges with a view of seeking potential purchaser for such Joint Venture Interests. Any
sale of Joint Venture Interests will be subject to consent of the Company and its subsidiaries in accordance with
the joint venture agreements for the Attikamagen and Sunny Lake Projects.
About Century
Century Global Commodities Corporation (TSX:CNT) has established a large portfolio of iron ore projects with
extensive resources in Canada and has other metals and non-metals operations as follows.
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 iron ore (“DSO”) project in Newfoundland and Labrador, is our most
advanced project. It has completed feasibility and permitting studies and can be brought to production within
approximately 30 months. We are maintaining our properties ready for advancement after a return to sustained
higher iron ore prices.
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Quality Food Services
Century has established a professional marketing team and built a distribution system of quality food products
sourced from advanced countries to serve the Hong Kong market.
For further information please contact:
Sandy Chim, President & CEO
Century Global Commodities Corporation
416-977-3188
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INTENTION TO EVALUATE PROSPECTIVE TRANSACTIONS ARISING FROM THE REVIEW BY CENTURY OF ITS STRATEGIC OPTIONS
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ASSOCIATED WITH CENTURY’S BUSINESS, AS DESCRIBED IN CENTURY’S ANNUAL INFORMATION FORM FOR THE YEAR ENDED
MARCH 31, 2020. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD
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