Centurion 8-K
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Form 8-K for CENTURION GOLD HOLDINGS INC
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8-Jan-2007
Completion of Acquisition or Disposition of Assets, Financial Stateme
Item 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On September 30, 2006, Centurion Gold Holdings, Inc. (the "Company") entered into an agreement with Keith Archie Hart ("Hart") and Glencairn Gold Mine (Pty) Ltd. ("Glencairn"), whereby Hart agreed to acquire all of the shares held by the Company in Glencairn, such shares being all of the issued and outstanding shares of Glencairn, as well as any loan accounts that the Company may have in Glencairn, for total consideration of One Million Rand. Glencairn, collectively known as the Primrose Gold Mine, holds the following precious metals claims, mineral rights and mining assets:
475 claims covering over 570 hectares on the farms Elandsfontein 90 Division IR, Driefontein 87 Division IR and Driefontein 86 Division IR on the Witwatersrand, South Africa and includes the JC Gold Mining Processing Plant covering nine hectares. Management of the Company has indicated that the disposition of the shares and loan accounts of Glencairn does not constitute a significant disposition of assets from an accounting perspective.
FORWARD-LOOKING STATEMENTS
This Form 8-K contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, unless required by law or regulation.
Item 9.01 Financial Statements and Exhibits.
(a) None
(b) None
Exhibit Number Description
(c) 99.1 Agreement of Purchase and Sale between and among the Company, Keith Archie Hart and Glencairn Gold Mine (Pty) Ltd., dated September 30, 2006
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