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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Financings Routine −

Centurion to issue 5.53M shares for debt of $415,000

Centurion Settles Debt with Equity as Liquidity Constraints Persist Amidst Suriname Project Push

By The Northwire Desk — AI Analysis May 13, 2026 · 05:22 CTN · 0.07 Centurion Minerals Ltd.
Executive Summary
  • Centurion Minerals Ltd. confirmed the issuance of 5,533,333 common shares to settle outstanding debt totaling $415,000.
  • The settlement involves two consultants and follows a previous agreement announced on May 7, 2026, which settled $335,000 with directors.
  • Shares were valued at $0.075 per share for the purpose of this debt conversion.
  • The transaction is subject to TSX Venture Exchange approval and aims to preserve cash for operational purposes.
  • This news serves as a confirmation of the May 12 announcement regarding the expansion of the debt settlement plan.
Material Impact
  • Dilution Impact: The issuance of over 5.5 million shares represents significant dilution relative to the company's estimated total share count (~18 million), increasing the float by approximately 30%.
  • Cash Preservation vs. Distress: While preserving cash is positive for operations, settling debt with equity signals an inability or unwillingness to pay creditors in cash, indicating liquidity stress.
  • Pricing Discrepancy: The settlement price of $0.075/share is higher than the recent private placement price of $0.05/unit (April 2026), suggesting creditors accepted a premium over the immediate market offering, yet still below the recent trading high of $0.10.
  • Market Reaction: As this was announced incrementally on May 7 and May 12, the market likely priced in the dilution prior to this final confirmation. The news is not unexpected but confirms the execution of a negative capital event.
CTN · Price
Company Overview
  • Company Focus: Centurion Minerals is an exploration company focused on precious minerals in the Americas.
  • Flagship Project: Limestone Gold Project located in Suriname's Marowijne Greenstone Belt.
  • Project Details: A 3,548-hectare concession adjacent to Zijin’s Rosebel and Saramacca mines.
  • Strategic Shift: The company terminated its Casa Berardi Property Option Agreement to re-allocate resources toward the Suriname project led by Dr. Dennis LaPoint.
  • Royalty Terms: The Limestone Project is subject to a 2% Net Smelter Royalty (NSR), with an option to purchase the NSR at US$1 million per percent.
Read the original news release →

More from Centurion Minerals Ltd.

Jun 30, 2026 · 17:01

Centurion secures $1m funding to advance its Suriname gold project amid liquidity constraints.

Financings Jun 23, 2026 · 18:20

Centurion secures $1 million to fund gold exploration in Suriname as part of its ongoing debt restructuring efforts.

Financings Jun 08, 2026 · 17:01

Centurion’s helicopter survey maps alluvial targets near Zijin’s Rosebel in Suriname as the company faces a cash crunch requiring capital.

Drill Results May 29, 2026 · 18:01

Centurion Minerals Cleans Balance Sheet with Director Debt Forgiveness, Shares Consolidate Near $0.07

Financings May 22, 2026 · 17:05

Centurion Minerals Dilutes Shareholders to Preserve Cash Amidst Early-Stage Exploration Push

Financings May 21, 2026 · 10:25

Execution on Suriname Pivot Amidst Liquidity Management

Production / Operations