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Management and Board of Directors Announce Their Intention to Buy up to 5 Million Shares of Centurion Gold Holdings Thursday September 15, 6:00 am ET
JOHANNESBURG, South Africa--(BUSINESS WIRE)--Sept. 15, 2005--Centurion Gold Holdings, Inc. (OTCBB:CGHI - News), the only South African junior gold mining company publicly listed in the U.S., announced today that the management and board of directors intend to purchase up to 5 million shares of Centurion Gold Holdings' stock in the open market. The management and board of directors' decision to purchase additional shares for their personal holdings is based on the fact that they do not feel the value of Centurion Gold is fully reflected in the price of the stock.
"We have built a solid company through the acquisition of several properties that have a considerable amount of gold, platinum, chrome, and tin, with an estimated value in excess of $5 billion. We have accepted an offer to be bought out at $.60 a share from a company that brings a tremendous amount of synergy for Centurion and the ability to raise capital for new projects. The board of directors and I are excited about the future opportunities for Centurion Gold and feel that the value of the Company's mineral resources is not being recognized in the marketplace and are, therefore, taking this opportunity to increase our personal holdings in Centurion Gold," commented Dale Paul, CEO and Chairman of Centurion Gold Holdings, Inc.
-------------------- hi Posts: 74 | From: the real OC | Registered: Jul 2005
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