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Century Mining Recoups Portion of Yesterday's 15% Slide as Dilution Concerns Ease

Century Mining Corp (CMM.V) is recovering at least some of Wednesday's 15% decline, with shares rebounding today and the miner saying it has now wrapped a pair of financial bids raising a total of $5.5 million in gross proceeds.

Century shares slid 4 cents yesterday, closing at 22.5 cents each, likely falling on dilution concerns after the company said it had closed on the sale of 13.75 million shares priced at 20 cents each. It also announced the $2.75 million flow-through financing bid priced at 23 cents a share that closed today.

Proceeds are tabbed for the company's Lamaque project near Val d'Or, Quebec.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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