CTG Centenario Gold Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Global Minerals Ltd. ("Global" or the "Company") (TSX VENTURE:CTG) is pleased to
announce that it has closed its previously announced non-brokered financing (the
"Financing") and has issued a total of 13,024,000 post-consolidation units (the
"Units") for aggregate proceeds of $3,256,000, at a price of $0.25 per Unit.
Each Unit is comprised of one post-consolidation common share and one share
purchase warrant, exercisable to purchase one post-consolidation common share
for two years at a price of $0.35. The expiry date of the warrants are subject
to acceleration such that, should the daily trading price of the shares of the
Company on the TSX Venture Exchange (or such other stock exchange on which such
shares are listed) exceed $0.50 (on a post-consolidated basis) for twenty
consecutive trading days commencing four months after the issuance of the
warrant (the "Acceleration Period"), the Company may, at its discretion,
accelerate the expiry date such that the warrants will expire on the 30th day
following the last day of the Acceleration Period by issuing a news release
announcing the accelerated expiry within two trading days of the last day of the
Acceleration Period. 


All of the securities issued under the Financing will be subject to a four month
resale restriction. In connection with the Financing, the Company has paid a
commission of $212,870, which is equal to 7% of the total subscription amount of
the number of Units purchased by subscribers introduced by the finders to the
Company. The commission was payable in cash or, at the finder's option, Units.
In addition, the Company has issued an aggregate of 851,480 finders' warrants
(the "Finders' Warrants"), which is equal to 7% of the number of Units purchased
by subscribers introduced by the Finders to the Company. The Finders' Warrants
are exercisable into one common share of the Company at a price of $0.25 per
Finders' Warrant until two years after closing.


The proceeds from the Financing will be used to further the development of the
Strieborna project and for general working capital.


About Strieborna

Strieborna is a high-grade silver-copper vein type deposit in an historic mining
district near the town of Roznava in eastern Slovakia. It has excellent
expansion potential over and above the already well-defined resource.
Significant infrastructure at site include a working shaft and hoisting system,
extensive underground access through a series of drifts, crosscuts and tunnels
and associated surface facilities. Global is using all efforts to advance the
property into commercial production.


For further information about Global, visit www.globalminerals.com.

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 of the adequacy or accuracy of this release.


FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release
contains certain forward-looking statements or information within the meaning of
applicable Canadian securities laws, including the proposed use of the proceeds
from the Financing. These statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety of
risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These factors include the inherent risks involved in the exploration
and development of mineral properties, the uncertainties involved in
interpreting drilling results and other geological data, fluctuating metal
prices, the possibility of project cost overruns or unanticipated costs and
expenses, uncertainties relating to the availability and costs of financing
needed in the future and other factors. The Company undertakes no obligation to
update forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
forward-looking statements.


This press release does not constitute an offer to sell or solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Global Minerals Ltd.
William Pincus
President and CEO
604.669.2355
wpincus@globalminerals.com
www.globalminerals.com

Centenario Gold (TSXV:CTG)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Centenario Gold (TSXV:CTG)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024