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chevy56

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chevy56

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Monday, 12/11/2006 7:24:41 AM

Monday, December 11, 2006 7:24:41 AM

Post# of 1965
Centurion Gold Finalises Sale of Glencairn Mining Company Pty Ltd
Monday December 11, 6:00 am ET


JOHANNESBURG, South Africa--(BUSINESS WIRE)--Centurion Gold announced today that it has finalized the sale of Glencairn Mining company Pty Ltd far a total of $2,600,000.00. The purchase was finalized between Centurion and the current management of Glencairn Mining company who will continue with the operation. This is in line with Centurion's strategy to restructure its balance sheet. The agreement, only finalized in December, will be made effective as of 1st September 2006. Centurion is thus not involved in the strike action in progress by the National Union of Mine Workers (NUM) at the Glencairn Mine in Primrose.
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