By Devika Patel
Knoxville, Tenn., Oct. 14 - Century Mining Corp. said it will conduct a C$5.25 million non-brokered private placement of stock.
The company will sell 26.25 million flow-through common shares at C$0.20 per share.
Settlement is expected Oct. 23.
Proceeds will be used for the underground diamond drill program at Lamaque, the ongoing Vulcan computer modeling project, and resource and mine planning.
Century is a gold mining company based in Blaine, Wash.
| Issuer: | Century Mining Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$5.25 million
|
| Shares: | 26.25 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 23
|
| Stock symbol: | TSX Venture: CMM
|
| Stock price: | C$0.19 at close Oct. 13
|
| Market capitalization: | C$36.6 million
|
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