Century Mining Corporation

Century Mining Corporation

March 08, 2005 11:52 ET

Century Closes $1,065,000 Convertible Debenture Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CENTURY MINING CORPORATION

TSX VENTURE SYMBOL: CMM

MARCH 8, 2005 - 11:52 ET

Century Closes $1,065,000 Convertible Debenture
Financing

BLAINE, WASHINGTON--(CCNMatthews - March 8, 2005) - Century Mining
Corporation (TSX VENTURE:CMM) Further to the Company's March 2nd
announcement that it has arranged for a convertible debenture facility
of up to $2.85 million, the Company announces that it has drawn down
$1,065,000 of the facility through the issuance of a 10% convertible
debenture due December 31, 2006.

All of the securities issued pursuant to this financing will be subject
to restrictions on resale for four months from their respective date of
issuance.

Century anticipates closing its flow-through share offering, also
announced in its March 2nd press release, by the end of the week.

On behalf of the Board of Directors,

Margaret M. Kent, Chairman, President & C.E.O.

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Exchange Act of 1933 and as
amended in Section 27E of the 1934 Act.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Century Mining Corporation
    Graham Eacott
    Vice President, Investor Relations
    (360) 332-4653
    (360) 332-4652 (FAX)
    geacott@centurymining.com
    www.centurymining.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this
    press release.