Centamin Egypt Limited is pleased
to announce that it has successfully closed the previously
announced offering (the Offering) of ordinary shares, sold on a private
placement basis through Thomas Weisel Partners Canada
Inc., as agent. An aggregate of
19,000,000 ordinary shares were issued and allotted today at a price of C$1.56
per ordinary share for aggregate gross proceeds of C$29,640,000.
Centamin intends to use the net proceeds of this financing for continued
exploration activities and general corporate purposes. The ordinary shares issued pursuant to
the Offering have been issued under exemptions from the prospectus requirements
of Canadian and other applicable securities laws and are subject to
restrictions on resale under such laws.
Should you have any questions or queries, please do not hesitate to
contact our office.
Centamin Egypt Limited
Kishorn Road, Mount Pleasant, Western
Tel: +61 8 9316
Fax: +61 8 9316 2650