Centillion Industries Inc.

Centillion Industries Inc.

May 29, 2006 11:04 ET

Centillion Industries Inc. Announces Private Placement Amendment

LETHBRIDGE, ALBERTA--(CCNMatthews - May 29, 2006) -

(Not for dissemination in the United States of America)

Centillion Industries Inc. (TSX VENTURE:CID) announces an amendment to the news release dated April 19, 2006 announcing the company was proposing to raise up to $250,000 through the issuance of up to 5,000,000 common shares of the company at a price of $0.05 per share. The company has determined additional working capital is required and has amended the non-brokered private placement to be 8,000,000 units at a price of $0.05 per unit to raise total proceeds of $400,000. Each unit consists of one common share and one common share purchase warrant. Each share purchase warrant is exercisable into one common share for a period of two years at a price of $0.10 per share.

Finder's fees will be payable on all or a portion of the private placement in accordance with the policies of the TSX Venture Exchange.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Centillion Industries Inc.
    Garnet Bailey
    (403) 381-2288