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Message: Re: Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Throug
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Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Throug
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mrstormpay
Nov 08, 2010 07:09PM
Re: Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Throug
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mrstormpay
Nov 08, 2010 08:40PM
Re: Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Throug
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Orange Flash
Nov 08, 2010 09:04PM

I heard that this money is to be certain that they will not run out of money before being cashflow positive. They had the 20M PP last December and then a 33M LOC but that line of credit is not all available. It is tied to certain benchmarks which they have yet to hit. Also, from the original 20M in PP, something like 9M dollars went to clean up the balance sheet. They restarted Lamaque on a very tight budget and because of this and the delays in production from the Bedard Dyke and NW, they were going to run out of money before they were cashflow positive. Hopefully, they will not have to worry about this anymore after this PP closes.

Glorieux

8 Recommendations
Re: Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Throug
4
mrstormpay
Nov 09, 2010 06:54AM
Re: Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Throug
5
mrstormpay
Nov 09, 2010 07:05AM
Re: Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Throug
2
railroader
Nov 09, 2010 11:43AM
Re: Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Throug

mrstormpay
Nov 09, 2010 01:33PM
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