Today's RNS12 Aug 2013 14:01
The Group's cash position at 28 February 2013 was £495,650 (29 February 2012: £31,227) and currently stands at £736,000.
Post period end in July 2013 (see announcement 2 July 2013) Centurion successfully raised £200,000 by way of a placing of 20 million new ordinary shares at a price of 1p per placing share. This represented a 138% premium to the share price at close of business on 1 July 2013. The funds raised will be used to evaluate high quality opportunities across Europe in the base metals sector.
Outlook
With a solid cash position, a highly prospective flagship project in a politically stable environment, and a strong Board and management team which has an in-depth knowledge of the European mining space and a proven track record in identifying and developing resource projects, I believe we have all the fundamentals in place to target areas of prospectivity and deliver growth.