Centurion Closes $1.48 Million Private Placement
NEWS RELEASE
CENTURION CLOSES $1.48 MILLION PRIVATE PLACEMENT
Vancouver, B.C., July 10, 2019 - Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", or the "Company") is
pleased to announce that it has closed a first tranche of its previously announced non-brokered private
placement for $1,486,743 priced at $0.10/Unit. Each Unit consists of one common share and one
common share purchase warrant exercisable for 2 years and priced at $0.15. The Company has issued
14,867,430 shares which will be subject to a hold period expiring in November 2019. Finders fees
amounting to $8,800 and 88,000 broker warrants and having the same terms as the subscribers, have
been paid.
The warrants are subject to an acceleration clause such that if the volume weighted average price of the
Common Shares is greater than $0.30 per share for a period of 20 consecutive trading days at any time
during the period of time commencing after Closing until the expiry of the Warrants, the Company may
at its option elect to accelerate the expiry date of the Warrants, such that the Warrants will expire on
the 20th day after the date on which notice of such acceleration is given by the Company.
Proceeds are allocated to general working capital and due diligence related to South American cannabis
opportunities, focused on Uruguay, Argentina, Paraguay and Peru.
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company with a focus on South American asset development.
The Company’s lead investment is its interest in the Ana Sofia Agri-Gypsum Fertilizer Project. In addition,
the Company is actively pursuing business opportunities in the South American cannabis and related
products industry.
“David G. Tafel”
President and CEO
For Further Information Contact:
David Tafel
604-484-2161
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.
This news release contains 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 projec t
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investor s 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. Such statements include, among others: possible variat ions in mineralization, grade or recovery
rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; changes
in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated; accidents and other risks of
the mining industry; delays and other risks related to construction activities and operations; timing and receipt of regulato ry approvals of
operations; the ability of the Co mpany and other relevant parties to satisfy regulatory requirements; the availability of financing for proposed
transactions, programs and working capital requirements on reasonable terms; the ability of third-party service providers to deliver services on
reasonable terms and in a timely manner; market conditions and general business, economic, competitive, political and social conditions.
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com