Centurion Resources started trading on AIM on November 12th having raised money to acquire and develop the 33 square kilometres Mitterberg copper exploration licences in Salzburg, Austria.
The group boasts a board of industry veterans, including Peter Landau, Alastair Clayton and Greg Kuenzel, who will use their extensive contacts and experience to identify and evaluate other acquisition opportunities.
"The Mitterberg Copper Project is a highly prospective, previously operating high grade copper mine, located in an area of significant mineralisation in Austria. Exciting exploration upside is evident within the tenure offering Centurion the opportunity to create substantial value," claimed Alastair Clayton, the miner's Chief Executive Officer.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The group raised £1m before expenses by way of a placing and a share subscription of 100m shares at a penny each.
Beaumont Cornish acts as nominated adviser (Nomad); it is also, along with Merchant Securities, the company's broker.
JH
