Surplus Assets of

Century Mining Corporation

Massive Mining & Construction Event!

Date

Thursday, May 29, 2014

Start Time

10:00 AM EDT

Inspection

Wednesday, May 28, 2014 from 9:00 A.M. to 5:00 P.M. or call to set up an inspection time.

Removal

Small items: Friday. May 30, 2014 by 5:00 P.M.
Remaining items: Friday, June 13, 2014 by 5:00 P.M.

Location

Century Mining Corporation
Lamaque Mine - 300, 3rd Avenue East, Val d'Or, Quebec, Canada, J9P 4N9

LATE MODEL MINING & CONSTRUCTION EVENT WITH ASSETS OF A MAJOR UNDERGROUND GOLD MINE FEATURING: ATLAS COPCO (2010) ST710, underground scooptram with 7000HRS ONLY!; WALDEN EQUIPMENT (2010) WE290, underground scissor platform lift with 400HRS ONLY!; ATLAS COPCO (EST 1995) 322, D12 MULTI BOOM FACE underground drilling rig with 3900 HRS ONLY!; (2) CATERPILLAR (2008) 740, articulated rock haul/dump trucks with 8000HRS ONLY!; KOMATSU (2005) PC-750 LC-7, hydraulic excavator; DOOSAN (2006) 340-LCV, hydraulic excavator; CATERPILLAR 936E articulated wheel loader with approx. 11,000HRS; KENWORTH (2000) 11,500L capacity fuel truck with approx. 34,000KM; CATERPILLAR V80D forklift; DOUBLE JAW HYDRAULIC CRUSHER with 48" x 60" capacity & 350HP motor (currently disassembled); SULLAIR 1600H, tri axle portable air compressor with CATERPILLAR diesel engine; ATLAS COPCO single axle portable air compressor; INGERSOLL RAND (2001) G380, dual axle portable generator (200K+ NEW); INGERSOLL RAND G40, single axle portable generator; NISSAN dual front wheel LPG forklift; ASSORTMENT OF PORTABLE TRAILERS & SEA CONTAINERS OUTFITTED WITH LATE MODEL GENERATORS, AIR COMPRESSORS & SWITCHGEARS; ASSORTMENT OF PICK UP TRUCKS, SCHOOL BUSES & KUBOTO TRACTORS ETC; Large offering of spare tires and buckets/shovels; (2) 45,000L (2003) fuel storage tanks with metered pumping system; (2) 4,500L fuel storage tanks with metered pumps; UNDERGROUND mine shaft ventilating systems; Late Model MEGLAB transformers & switchgear new as 2010!; COMPLETE WELDING & FABRICATING SHOP; Large Offering of mining & drilling equipment and accessories, featuring heavy equipment and perishable tooling along with spare parts; Underground surveying equipment; Large amount of Heavy Copper Cable, Ball Mill liners comprised of approx. 20% chromium and other high grade alloys, outside scrap steel & MUCH MORE!

ATLAS COPCO ST1710 UNDERGROUND SCOOPTRAM

ATLAS COPCO 322 JUMBO BOOMER

CATERPILLAR 740 ARTICULATED ROCK HAUL/DUMP TRUCK

ONSITE & ONLINE


Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.

DOWNLOAD CORPORATE ASSETS INC. FULL TERMS & CONDITIONS

MODALITÉS ET CONDITIONS DE VENTE


Payment

-WEBCAST (REMOTE) BIDDERS

Pre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.

-GENERAL

All buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**

Payment in full must be made before or immediately after the conclusion of the auction.

* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.

** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.

For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."

Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.

Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.

The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

THIS SALE WILL BE CONDUCTED IN USD.

Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details


Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: info@corpassets.com for more information.

All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of the auction sale, and must be signed and dated. They must be faxed or mailed to our office and received by no later than 3:00 P.M. EST on the day before the auction.


Download Proxy Bid Form