Was this previously announced? I just received the following email announcement from CMM a few minutes ago.

Tuesday, November 09, 2010

Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Through Private Placement

Century Mining Corporation ("Century" or "the Company") (CMM: TSX-V) is pleased to announce that it intends to complete a private placement financing of 3,846,154 units (the "Units") of the Company, at a price of $0.39 per Unit, for gross proceeds of $1,500,000. Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one common share at $0.60 for 18 months from closing. The Company will pay a finder's fee of 6% of the gross proceeds of the private placement.

The Company also intends to complete a private placement financing of 5,555,556 flow-through units (the "Flow-Through Units") of the Company, at a price of $0.45 per Unit, for gross proceeds of $2,500,000. Each Flow-Through Unit will consist of one common share issued on a flow-through basis and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one common share at $0.60 for 18 months from closing. The Company will pay finder's fees of 7% of the gross proceeds of the Flow-Through Units in cash and warrants equal to 5% of the number of Flow-Through Units (the "Compensation Warrants"). Each Compensation Warrant will be exercisable for one common share at $0.45 for 18 months from closing.

The proceeds from the private placement offering will be used for the continuing commissioning of its Lamaque Gold Mine operation in Val d'Or, Québec, Canada, while the proceeds of the private placement of Flow-Through Units will be used for eligible Canadian Exploration Expenditures ("CEE") including the diamond drill program at Lamaque.

The completion of both the private placement and the private placement of Flow-Through Units is subject to regulatory approval by the TSX Venture Exchange and completion of documentation. All securities issued under both the private placement and the private placement of Flow-Through Units will be subject to a four-month hold period.

About Century Mining Corporation

Century Mining Corporation is a Canadian junior gold producer and holds strategic land positions in Canada, United States and Peru. The Company's strategy is to grow to an intermediate gold producer through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.

On behalf of Century Mining Corporation,

"Keith Hulley"

Interim CEO