Centenario Gold expands into Newfoundland with copper-gold project acquisition

* Centenario Gold (TSXV:CTG:CA [https://seekingalpha.com/symbol/CTG:CA]) signs letter of intent to acquire 100% of the Cabot Copper-Gold Project in Newfoundland’s Baie Verte Peninsula.
* Cabot Copper Zone features up to 7% Cu in samples and five drill-ready targets, four untested.
* Marble Cove Gold Prospect hosts historic samples up to 70.38 g/t Au near Point Rousse Gold Project.
* Proposed 10:1 share consolidation to reduce outstanding shares from 41.8M to ~4.2M.
* Announces non-brokered private placement to raise up to $1.5M via 15M units at $0.10.
* Acquisition terms include $300K cash, 3M shares, and $1.65M in exploration over five years.
* Source: Press release [https://seekingalpha.com/pr/20264001-centenario-signs-loi-to-acquire-the-cabot-copper-and-gold-project-in-newfoundland-and]

MORE ON CENTENARIO GOLD CORP.

* Financial information for Centenario Gold Corp. [https://seekingalpha.com/symbol/CTG:CA/income-statement]