By Devika Patel
Knoxville, Tenn., March 26 - Century Mining Corp. said it increased a non-brokered private placement of shares to C$2 million. The deal priced for C$1.75 million on March 24 but was upsized due to increased investor interest.
The company will sell flow-through shares at C$0.13 per share.
Proceeds will be used for diamond drilling of the Bedard Dyke at the Lamaque Mine and completion of an ongoing Vulcan computer modeling project of the Lamaque Mine.
Century is a gold mining company based in Blaine, Wash.
| Issuer: | Century Mining Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2 million
|
| Price: | C$0.13
|
| Agent: | Non-brokered
|
| Pricing date: | March 24
|
| Upsized: | March 26
|
| Stock symbol: | TSX Venture: CMM
|
| Stock price: | C$0.14 at close March 24
|
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