Centurion Closes First Tranche of Private Placement

Executive Summary

• Centurion Minerals closed the first tranche of its non‑brokered private placement, issuing 4,150,000 units at $0.05 each for gross proceeds of $207,500.
• Each unit consists of one common share and one warrant exercisable at $0.08 within 36 months; a 4‑month hold period applies (expires 2026‑03‑14).
• Insider director David Tafel purchased 250,000 units for $12,500, bringing his total holdings to approximately 9.27% of the company on a non‑diluted basis.

Key Details

• Units Issued: 4,150,000 (each = 1 common share + 1 warrant)
• Price per Unit: $0.05
• Gross Proceeds: $207,500
• Warrant Terms: Exercise price $0.08; exercisable for 36 months from issuance.
• Hold Period: 4 months, ending 14 Mar 2026.
• Finder’s Fees: $12,000 cash + 240,000 broker warrants (same terms as participant units).
• Use of Proceeds: Working capital and general corporate activities.
• Insider Participation:
• David Tafel purchased 250,000 units for $12,500.
• Post‑transaction holdings: 1,675,787 common shares (~9.27% non‑diluted; ~14.56% partially diluted).
• Prior holdings: 1,425,787 common shares (~10.24% non‑diluted).
• Related Party Transaction: Qualified under TSX Venture Exchange policies; exemptions from formal valuation and minority shareholder approval were relied upon because the transaction did not exceed 25 % of market capitalization.
• Regulatory Notes: Placement conducted under prospectus exemptions; subject to final acceptance by the TSX Venture Exchange. Securities are not registered in the United States and may not be offered there.

Notable Quotes

“The Units were acquired by me for investment purposes and with a long‑term view of the investment.” – David G. Tafel, CEO and Director

All forward‑looking statements are subject to risks and uncertainties; actual results may differ.