Centurion Closes Second Tranche of Private Placement
NEWS RELEASE
CENTURION CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
Vancouver, B.C., August 23, 2019 - Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", or the "Company")
is pleased to announce it has closed a 2nd tranche of its previously announced private placement for $216,
887 and has issued 2,168,870 Share Units.
The Company initially announced a non-brokered private placement for up to $2 million and closed a first
tranche 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 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.
Finders fees consisting of $9,640 and 96,400 broker warrants have been paid and the shares are subject
to a four month hold period expiring in December 2019. The broker warrants have the same terms as the
private placement participants.
Centurion intends to complete a final tranche of this financing by September 06, 2019.
Proceeds are allocated to general working capital as well as 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 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
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
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 econ omic 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.