Message #26 From:
NewsBot Date: September 4, 2006 04:00:00 AM
CGHI News Centurion Announces Resignation of Hart
JOHANNESBURG, South Africa--(BUSINESS WIRE)--Sept. 4, 2006--Centurion announced today that Keith Hart has tendered his resignation as a Director of CGHI, effective 31 August 2006 to pursue his own mining interests. Mr. Hart has been the Company's Chief Operating Officer and a Director since March of 2004. Centurion executive and management team expressed their thanks for his dedicated services over the past two years and wish Mr. Hart well in his business pursuits.
Centurion Gold Holdings (Other OTC: CGHI) is a resource development company that acquires, develops and mines or spins out natural resource assets. The Company's mineral assets generally have combined the potential for a near term revenue stream and existing low cost production operations with turnaround opportunities. Based in South Africa, the Company is ideally suited to exploit new legislation implemented by the South African government in May 2004. This legislation enforces a "use it or lose it" strategy, whereby all mining claims must be prospected within a designated time frame; otherwise, such prospects revert to the state, thereby creating never-before-seen opportunities, particularly for smaller companies like Centurion. The Company has built a strong team of experienced management and operations mining professionals to exploit these opportunities and is positioning itself to become a major producer by continually implementing its "growth through acquisition" strategy. www.centuriongold.com
Forward-Looking Statements
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public.
