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The latest announcement is out from Centenario Gold Corp. ( (TSE:CTG) ).
Centenario Gold Corp. has received final TSX Venture Exchange approval for its option on the Cabot Project in Newfoundland and Labrador and closed the second and final tranche of its non‑brokered private placement. The company raised $310,500 through the issuance of 3,105,000 units at $0.10 each, with proceeds earmarked to advance work under the Cabot Project option.
The financing, which included participation from certain directors and officers under related‑party rules, remains subject to final exchange approval and carries the customary hold period on securities. Centenario also filed a NI 43‑101 technical report on the Cabot Property and outlined that it can earn up to 100% of the project from PNL Ventures by staged cash payments, share issuances, and exploration spending, while concurrently granting 1,350,000 stock options to insiders and staff at $0.30 per share to align incentives with project development.
More about Centenario Gold Corp.
Centenario Gold Corp. is a Vancouver-based mineral exploration company listed on the TSX Venture Exchange that focuses on advancing precious and base metal assets. Its primary activity includes acquiring and exploring early-stage projects, such as the copper‑gold‑cobalt‑prospective Cabot Project in Newfoundland and Labrador, within established and expanding mining districts.
Average Trading Volume: 17,751
Technical Sentiment Signal: Buy
For an in-depth examination of CTG stock, go to TipRanks’ Overview page.