Centenario Announces Non-Brokered Private Placement

Centenario Gold Corp. announced a non-brokered private placement of up to 15,000,000 units at $0.10 per unit, targeting gross proceeds of up to $1,500,000. Each unit comprises one common share and one-half non-transferable common share purchase warrant. The warrants are exercisable at $0.15 per share for a 24-month term.

Net proceeds will fund exploration and evaluation of the Cabot project in Newfoundland and the Los Reyes project in Mexico, as well as general and administrative expenses. Closing is expected on or before August 20, 2026, subject to CSE acceptance. The company secured a discretionary waiver from the CSE to bypass shareholder approval due to anticipated dilution, with a four-month exchange hold on the securities.

Centenario Gold Corp. (CTG) is issuing up to 15,000,000 new shares at $0.10 per share, a price that represents a 9–10% discount to the recent trading range of $0.11–$0.12. The transaction adds to the approximately 19,333,254 shares currently outstanding, resulting in a 77% increase in equity. This follows a nearly identical $1,500,000 financing closed in February and March 2026.

The company’s Q1 2026 MD&A explicitly flags a going concern, noting that continued operations depend on securing sufficient funding. While this placement extends the cash runway, the use of proceeds aligns with previously announced exploration plans for Cabot and Los Reyes.

Centenario Gold Corp. is an exploration-stage company with no revenue and no proven resources or reserves. Its flagship assets include the Cabot Copper/Gold/Cobalt project in Newfoundland and the Los Reyes Copper/Gold project in Chihuahua, Mexico. The company is in the grassroots exploration phase, relying on historical sampling, geophysics, and planned diamond drilling to define targets. Management has appointed senior geologists to lead field programs, but technical validation of historical high-grade grab samples remains pending.