Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
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.

Nov 03, 2026 · 11:30

Centurion to Resume Trading and Provides Update on Option to Acquire the Brothers Gold Project, Suriname

M&A / Property Sep 10, 2026 · 07:01

Centurion’s Suriname Limestone project yields 85% positive alluvial gold samples.

Drill Results Aug 24, 2026 · 14:32

Centurion targets a Merian-adjacent gold asset in Suriname despite facing severe liquidity constraints.

M&A / Property Jul 20, 2026 · 07:01

Centurion advances its Suriname Gold Project into the field phase while navigating a liquidity crunch.

Drill Results 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