Centurion Minerals Ltd. reported results from the first three holes of its ongoing, Phase I diamond drill program on its Nareh prospect within the Badak property in Northern Sumatra, Indonesia.
Centurion Minerals Ltd. announced that it has closed two previously announced brokered private placements. The first placement consisted of 5,000,000 units priced at Can$1.00 for total gross proceeds of Can$5,000,000 and the second placement consisted of 1,000,000 units priced at Can$1.20 for total gross proceeds of Can$1,200,000. Proceeds from these two financings will be used for exploration and drilling programs on the Company’s properties.
Centurion Minerals reported to have executed a Binding Letter Agreement with two (arms-length) private Indonesian companies whereby Centurion will hold an 80% joint venture interest in the Badak property in Northern Sumatra.
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