Centurion Closes $85,500 Financing
NEWS RELEASE
CENTURION CLOSES $85,500 FINANCING
Vancouver, B.C., November 01 , 2019 - Centurion Minerals Ltd. ( CTN: TSX-V) ("Centurion", or the
"Company") announces that it has received TSX Venture Exchange approval to close a first tranche of its
previously announced ($300,000) private placement for gross proceeds of $85,500.
The Company has issued 855,000 Common Share Units, priced at $0.10/Unit . The Units consist of one
common share and one common share purchase warrant . Each warrant is exercisable for 2 years and
priced at $0.15 and the shares are subject to a four month hold period expiring in March 2020.
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 and until the expiry of the Warrants, the Company
may at its option, elect to accelerate the expiry date of the Warrants. In such case, the Warrants will
expire on the 20th day after the date on which notice of such acceleration is given by the Company.
The Company anticipates a second closing will occur on or about mid-November.
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 fut ure plans and operations, including management’s assessment of the Company’s project
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 variations 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 oper ate 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 Company 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