Century Mining Corp. Announces Repayment of Deutsche Bank Convertible Short-Term Loan
27.09.2011 | Marketwire
VAL D'OR, QUÉBEC -- (Marketwire - Sept. 27, 2011) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE: CMM) announces that it has repaid the US$3.25 million short-term loan extended by Deutsche Bank AG, London Branch ("DB") to the Company earlier this year, inclusive of principal and interest. This loan was convertible into Century common shares at the option of DB if it had not been repaid by the Company. The funds used for the repayment were obtained from a drawdown of the Performance Reserve Account, as permitted by the Second Amended and Restated Forward Gold Purchase Agreement signed by Century and DB effective September 9, 2011.About Century Mining Corporation
Century Mining Corporation is a Canadian gold producer and holds strategic land positions in Canada, the United States and Peru. The Company's strategy is to grow to its gold production through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.
On behalf of Century Mining Corporation,
Daniel J. Major
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Century Mining Corporation
Richard B. Meschke
(360) 332-4653 or Toll Free: (877) 284-6535
(360) 332-4652 (FAX)
www.centurymining.com
Terre Partners
Joanna Longo, President
(416) 238-1414 (ext 233)