Vancouver, British Columbia / TheNewswire / June 26, 2017 - Centenera Mining Corporation ("Centenera" or the "Company") - (TSXV: CT, OTCQB: CTMIF), reports that it has received $1.41 million in cash proceeds from the exercise of 9,400,000 of the Company's outstanding warrants, with each warrant entitling the holder to purchase one common share of the Company at a price of $0.15 per share. Following the exercise of the warrants, the Company has 66,344,407 common shares issued and outstanding.
"We are pleased to receive the continued support of our shareholders with 98.9% of 9.5 million warrants exercised," stated Keith Henderson, Centenera's President & CEO, "These funds will be used to advance exploration at the Huachi Copper-Gold Project while continuing to move the Company's El Quemado Lithium Project forward."
About Centenera Mining Corporation
Centenera is a mineral resource company trading on the TSX Venture Exchange (the "TSXV"), under the symbol "CT" and on the OTCQB exchange under the symbol "CTMIF". The Company is currently devoting 100% of its attention to its mineral resource assets in Argentina. The Company's strategy in 2017 will be to focus on the Huachi Copper-Gold Project, finalizing drill targets and planning in Q2, and on drill-testing in Q3/Q4. Other assets, such as the El Quemado Lithium Pegmatite Project in Salta Province, will see appropriate levels of exploration aimed at proving project potential and attracting a joint venture partner or a project sale. The Company will also seek a joint venture partner for the relatively advanced Organullo Gold Project, which has approximately 8,000 meters of historical drilling and assay results. The Organullo Gold Project has a geological target range from 19.8 million tonnes grading at 0.94 g/t gold (600,000 ounces) to 31.6 million tonnes grading at 0.92 g/t gold (940,000 ounces) using a 0.5 g/t gold cut-off-grade.
It should be noted that these potential exploration target quantities and grades are conceptual in nature, that insufficient exploration and geological modelling has been done to define a mineral resource, and that it is uncertain if further exploration will result in the delineation of a mineral resource.
For more information on the Company's board of directors, management and assets, please refer to the Company's website at www.centeneramining.com and the Company's Canadian regulatory filings on SEDAR at www.sedar.com.
