Centurion Completes $1.7 Million Private Placement; Announces Additional Financing FOR up to $300,000
NEWS RELEASE
CENTURION COMPLETES $1.7 MILLION PRIVATE PLACEMENT;
ANNOUNCES ADDITIONAL FINANCING FOR UP TO $300,000
Vancouver, B.C., September 09 , 2019 - Centurion Minerals Ltd. ( CTN: TSX -V) ("Centurion", or the
"Company") wishes to announce that it has received TSX Venture Exchange approval to close its previously
announced private placement (in 2 tranches) and received gross proceeds totaling $1,703,630.
The Company has issued 17,036,300 common share units, priced at $0.10/Unit , and consisting 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. 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.
Finders fees consisting of $18,440 and 184,400 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.
2nd Private Placement
Centurion has received expressions of interest in a 2nd non-brokered private placement for up to
$300,000 on the same terms as the financing that has closed recently and priced at $0.10/Unit. The
private placement will be subject to TSX Venture exchange approval.
Proceeds are allocated to general working capita l 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
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
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 “Comp any”). All forward -
looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s p roject
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company ’s control. Investors are cautioned
that any such statements are not guarantees of future performance and that actual performance and exploration and financial r esults 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 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 Company and other relevant parties to satisfy regulatory requirements; the availability of financing fo r proposed
transactions, programs and working capital requirements on reasonable terms; the ability of third -party service provider s to deliver services on
reasonable terms and in a timely manner; market conditions and general business, economic, competitive, political and social conditions.