Centenario Gold Corp. has completed its non-brokered private placement, raising aggregate gross proceeds of $1,500,000 through the issuance of 15,000,000 units priced at $0.10 each.

Each unit consists of one common share and one-half of a non-transferable common share purchase warrant. Each whole warrant allows the holder to purchase an additional common share at a price of $0.15 for 24 months from issuance.

The company intends to deploy the net proceeds toward exploration and evaluation at the Cabot copper and gold project in Newfoundland and the Los Reyes project in Mexico, alongside general and administrative expenses and potential new resource projects. Centenario acquired a 100% interest in the Cabot property on Newfoundland's Baie Verte Peninsula through a definitive option agreement signed on December 18, 2025, and subsequently appointed Paul LeGrow as Senior Geologist and Project Manager to oversee exploration and drilling programs on the ground.

To facilitate the offering, the Canadian Securities Exchange granted a discretionary waiver of shareholder approval requirements, conditional upon advance market notice and confirmation that no new insiders would be created. Securities issued under the placement are subject to a four-month exchange hold period.

Alongside the financing closure, Centenario granted 2,925,000 incentive stock options exercisable at $0.11 per share for five years, alongside 1,000,000 restricted share units subject to a vesting schedule and exchange approval.

The financing follows broader activity across the Baie Verte Peninsula, where FireFly Metals Ltd secured A$180 million in equity and financing to fund development and drilling at its Green Bay copper-gold project located near the Cabot property. Centenario previously outlined plans to initiate an aggressive drill program at Cabot following the finalisation of its acquisition agreement.

Read the full announcement: Centenario Announces the Closing of Non-Brokered Private Placement