August 13, 2014 16:39 ET
TORONTO, ONTARIO--(Marketwired - Aug. 13, 2014) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
Century Iron Mines Corporation (TSX:FER) ("Century" or "Century Iron" or the "Company") is pleased to announce that it has filed its condensed consolidated interim financial statements for the first fiscal quarter ended June 30, 2014 and the related management's discussion and analysis ("MD&A") on SEDAR.
The Company and its Attikamagen joint venture had as at June 30, 2014 cash and bank deposits of $52.7 million. The Company had exploration and evaluation assets of $31.5 million and investments in the joint venture of $60.5 million as of June 30, 2014. A copy of the financial statements and MD&A are available under Century's SEDAR profile at www.sedar.com and will be posted on Century's website at www.centuryiron.com.
Century is an iron exploration and development company in Canada. The Company has significant interests in the prolific iron ore-producing region of the Labrador Trough in eastern Québec and western Newfoundland and Labrador, and several properties in western Québec. Century has two key strategic partners, WISCO International Resources Development & Investment Limited ("WISCO") and Minmetals Exploration & Development (Luxembourg) Limited S.àr.l., both Chinese state-owned enterprises. Each provides financial resources and technical expertise assisting the Company to advance its projects to production.
Century has interests in the following mineral exploration projects located in the Provinces of Québec and Newfoundland and Labrador:
The Company's mission is to enhance shareholder value through the development of iron projects in Canada and to become a major Canadian iron ore producer. Century Iron's website is: www.centuryiron.com.
Bob Leshchyshen, MBA, CFAVice-President, Corporate Development& Investor Relations416-977-3188, ext. firstname.lastname@example.orgCHF Investor RelationsRobin CookSenior Account Manager416-868-1079, ext. email@example.com
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