News Release, last financing over-subscribed
MAY 9, 2006 - 13:46 ET
Century Mining's C$25.0 Million Financing Over-Subscribed
BLAINE, WASHINGTON--(CCNMatthews - May 9, 2006) - Century Mining Corporation (TSX VENTURE:CMM) announces that its previously announced C$25.0 million financing consisting of a non-brokered private placement of units was over-subscribed by 141,440 units, or $176,800. Officers and directors and a deemed insider of the Company subscribed and paid for 291,200 units of the private placement.
The terms of the private placement were described in a press release dated April 6, 2006.
About Century Mining Corporation
Founded in 2003, Century Mining Corporation owns the Sigma-Lamaque Complex in Quebec, where gold production of 90,000 ounces is forecast for 2006 at a cash cost of US$325 to US$350 an ounce.
Margaret M. Kent, Chairman, President & CEO
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and as amended in Section 27E of the 1934 Act.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release. |
