CentrSource is a new Canadian discount site. Consumers can shop on the site and get discounted merchandise from Canadian merchants. Sellers can list their items on the site for free. CentrSource only gets paid when a sale takes place.

To promote themselves the company is running a contest. Any seller who signs up and posts an ad through Facebook will be eligible to win the grand prize of $15,000 cash and 6 months of free advertising on CentrSource. A randomly selected seller from the top 50 finalists will be given a prize of $5,000 cash and 3 months of free advertising on Centrsource. There will also be weekly draws for a random seller from all ad entries each week which will win $1,000 cash and 1 month of free adversing.

The grand prize winner will be determined by buyers who will vote for their favourite ad. Each week, a random voter will be selected to win an iPad 2. The contest ends on August 31, 2011.

I don’t know much about CentrSource or the value of its advertising product, but this seems like a simple contest to enter with some decent prizes.