BLAINE, WA, June 26 /CNW/ - Century Mining Corporation (CMM: TSX-V)
announced today that it concluded its Annual and Special Meeting of
Shareholders held on June 24, 2009. At the meeting, all resolutions were
approved by shareholders of the Company.
Elected to the Board of Directors were Allen V. Ambrose, Ross F. Burns,
Margaret M. Kent, William J.V. Sheridan and Ricardo M. Campoy.
Century has 184,457,214 common shares issued and outstanding. Under the
terms of the Company's "rolling" Incentive Stock Option Plan a maximum of
18,445,721 shares are available to be issued pursuant to the exercise of
options at this time. Subject to the approval of the TSX Venture Exchange, the
Company approved the issue of 500,000 stock options to directors of Century.
The stock options are exercisable into common shares of Century at an exercise
price of C$0.18 per share for a period of five years. Century's common shares
closed at C$0.16 on the TSX Venture Exchange on June 23, 2009. Including this
grant of 500,000 options, a total of 7,029,750 shares have been reserved for
issuance pursuant to outstanding option grants. A further 11,415,971 shares
are available for issuance pursuant to future option grants at this time.
About Century Mining Corporation
Century Mining Corporation is a junior gold producer. The Company owns
and is working towards the start up of the Lamaque mine in Québec that
historically has produced over 9.2 million ounces of gold. In Peru, Century
wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the
Company accounts for 100% of gold production. Total gold production for 2007
and 2008 was 63,124 and 14,252 ounces of gold, respectively.
"Margaret M. Kent"
Chairman, President & CEO
Neither the 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.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning
of the United States Private Securities Litigation Reform Act of 1995 and
forward-looking information within the meaning of applicable Canadian
securities laws. We use words such as "may", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to identify
forward-looking statements and forward-looking information. Such statements
and information are based on assumptions, estimates, opinions and analysis
made by management in light of its experience, current conditions and its
expectations of future developments as well as other factors which it believes
to be reasonable and relevant. Forward-looking statements and information
involve known and unknown risks, uncertainties and other factors that may
cause our actual results to differ materially from those expressed or implied
in the forward-looking statements and information and accordingly, readers
should not place undue reliance on such statements and information. Risks and
uncertainties that may cause actual results to vary include but are not
limited to the speculative nature of mineral exploration and development,
including the uncertainty of reserve and resource estimates; operational and
technical difficulties; the availability to the Company of suitable financing
alternatives; fluctuations in gold and other commodity prices; changes to and
compliance with applicable laws and regulations, including environmental laws
and obtaining requisite permits; political, economic and other risks arising
from our South American activities; fluctuations in foreign exchange rates; as
well as other risks and uncertainties which are more fully described in our
annual and quarterly Management's Discussion and Analysis included in this
Annual Report, in our Annual Information Form and in other filings made by us
with the Securities and Exchange Commission and with Canadian securities
regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such
forward-looking statements and forward-looking information and the
assumptions, estimates, opinions and analysis underlying such expectations are
reasonable, there can be no assurance that they will prove to be correct. In
evaluating forward-looking statements and information, readers should
carefully consider the various factors which could cause actual results or
events to differ materially from those expressed or implied in the
forward-looking statements and forward-looking information.
For further information:
For further information: Brent Jones, Manager of Investor Relations,
E-mail: firstname.lastname@example.org, Phone: (877) 284-6535 or (360) 332-4653,
Fax: (360) 332-4652, Website: www.centurymining.com