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Centamin Egypt Announces Private Placement for Gross Proceeds of C$29.6m
Friday July 3, 2009, 8:27 am

Original Announcement: Private Placement for Gross Proceeds of C$29,640,000

Centamin Egypt announced that it has attained subscriptions for a private placement of 19m ordinary shares at an offering price of C$1.56 per ordinary share, raising gross proceeds of C$29.6m. The shares are to be placed with three large North American resource focused funds. The Offering is subject to certain conditions, including but not limited to, regulatory approval and is expected to close on or around 16 July 2009. The Company intends to use the net proceeds of the Offering for continued exploration activities and for general corporate purposes.

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