Nirek Resources Inc. Offers to Purchase a Minimum of 20% of Century Mining Corp.
Nirek Resources Inc. has offered, upon certain conditions, to purchase not less than 20% of the issued and outstanding common shares of Century Mining Corp. on the basis of one (0.01) for each Century share.
The purpose of the Offer is to enable Nirek to acquire at least 20% of Century shares in order to assist Nirek in acquiring resource and gold producing assets.
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru in addition to its Canadian projects. The Company owns the Lamaque mine in Quebec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production.