CMM:CA announced private placement financing of 12,820,513 units, at a price of $0.39 per unit, for gross proceeds of $5,000,000. The proceeds from this offering will be used for the continuing commissioning of its Lamaque Gold Mine operation in Val d’Or, Québec, and as working capital.
Century has been advised that Kirkland Intertrade Corp and Gravity Ltd. have consented to the offering and will not exercise their pre-emptive rights in respect thereto.
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Peter A. Ball,
Director of Investor Relations,