Centurion Minerals Ltd. (TSXV:CTN) announced a non-brokered private placement of up to 3,571,428 units at a price of CAD 0.07 per unit for gross proceeds of CAD 249,999.96 on January 9, 2017. Each unit consists of one common share and one warrant. Each warrant entitles its holder to acquire one common share at CAD 0.12 for the first year, and CAD 0.15 for the second year from the date of closing. The transaction is subject to approval of TSX Venture Exchange. The securities will be subject to a hold period of four months.