Vancouver, British Columbia–(Newsfile Corp. – June 30, 2022) – Centurion Minerals Ltd. (TSXV: CTN) (there “Company“) announces that the consolidation of its common shares will become effective on July 6, 2022 and that all common shares will be consolidated on a 2:1 basis, such that for every 2 common shares currently held, shareholders will receive 1 post-consolidated common stock share.
Centurion currently has 33,639,473 common shares outstanding which, after consolidation, will result in approximately 16,819,736 common shares outstanding. There are no stock options or warrants outstanding and the Company’s name and ticker symbol will remain the same.
The company’s new CUSIP number is: 15643T404 and the ISIN number is: CA 15643T4046.
A Letter of Transmittal will be mailed to registered shareholders holding physical certificates by the Company’s transfer agent, Endeavor Trust Company, advising them that the consolidation has become effective and that such shareholders should surrender their share certificates. existing ordinary shares, for new ordinary shares (post-consolidation) certificates. No fractional common shares of the Company will be issued in connection with the consolidation and the number of common shares to be received by a shareholder will be rounded down to the nearest whole number of common shares.
Centurion will file an application with the TSXV Exchange to resume operations as a mining exploration issuer following its annual general and special meeting to be held on August 12, 2022.
Centurion Minerals Ltd. is a Canadian company focused on developing mining assets in the Americas. The Company’s main investment is its interest in the Ana Sofia agro-gypsum fertilizer project, and it is also reviewing other potential precious mineral exploration projects.
President and CEO
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Caution Regarding Forward-Looking Information
All statements, trend analyzes and other information contained in this press release regarding expected future events or results are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “have the intent” and statements that an event or result “may”, “shall”, “should”, “might” or “could” occur or be achieved and other similar expressions. All statements, other than statements of historical facts, included herein, including, without limitation, statements regarding the completion of the Arrangement, the Meeting, the Final Order Hearing of the Court, the anticipated benefits of the Arrangement, the Company’s plan to grow its business and provide shareholders with additional investment choices and enhanced value, the Company’s plans to complete the Combination and the Company’s plans to requesting the TSX-V to resume trading as a mineral exploration issuer after the meeting are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as the Company cannot guarantee that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-looking statements, including the risks, uncertainties and other factors identified in the filings. periodicals of the Company with Canadian securities regulators. , and the assumptions made regarding: the ability of the Company to complete the proposed arrangement on the terms and conditions contemplated, or not at all; the ability of the companies to obtain the necessary shareholder, court and regulatory approvals necessary to complete the arrangement; the estimated costs associated with the arrangement; the timing of the meeting, the hearing of the final order and the arrangement, and the general stability of the economy and the industry in which the company operates . Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the Company’s expectations include risks associated with the Company’s business; risks related to the satisfaction or waiver of certain conditions upon closing of the arrangement; failure to complete the Arrangement; risks relating to the Company’s inability to obtain the shareholder approval required for the Arrangement; risks relating to the number of dissenting shareholders requiring a fair value for their securities in connection with the arrangement; risks related to the exploration and potential development of the Company’s projects; business and economic conditions in the mining and cannabis industries generally; fluctuations in commodity prices and currency exchange rates; the need for cooperation from government agencies and Aboriginal groups in issuing required permits; the need to obtain additional financing to develop cannabis-related properties or assets, and uncertainty as to the availability and terms of future financing; and other risk factors as detailed from time to time and additional risks identified in the Company’s filings with the Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Forward-looking statements are based on management’s estimates and opinions as of the date the statements are made. The Company undertakes no obligation to update forward-looking statements, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
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