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Century Mining Corporation

09:57 AM EST - Century Mining Corporation : announced private placement financing of 12,820,513 units of the Company, at a price of $0.39 per Unit, for gross proceeds of $5,000,000. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant will be exercisable for one common share at $0.60 for 18 months from closing. Century Mining Corporation shares V.CMM are trading down 1 cent at $0.41.