Business
Cantex Energy Corp., corporate update to shareholders.
Cantex Energy Corp., corporate update to shareholders..
About this update from Arkose Energy Corp.
[{"type":"text","content":"San Antonio, TX, May 9, 2006 / Cantex Energy Corp., (Pink Sheets-CTXE) the Company has been receiving several calls from shareholders that are enquiring as to the recent dip in the value of the company shares. Management would like to report that there are no material changes in the company affairs and that the Big Canyon Prospect in West Texas is on schedule to commence the forty two miles of seismic work later this month.\r\n\r\nTo hear more on the company shareholders are encouraged to visit the company's web site where a recent interview with the Company president has been posted.\r\n\r\nIn addition the company wishes to confirm that it has executed the closing of a $250,000 private placement as announced April 19, 2006 and is now funded to allow for complete the 1.6 million dollar geophysical work program. The company still plans to accept an additional $250,000 in subscriptions that are expected to close within the next ten business days with use of proceeds for use as general working capital.\r\n\r\nTrace Maurin, President of Cantex commented, \" we encourage our valued shareholders to be patient as we approach the commencement date of this very unique opportunity in one of the last under explored world class potential gas plays with no geopolitical risks.\" \r\nCantex Energy Corp. is an independent, managed risk, oil and gas exploration, development, and production company headquartered in San Antonio, Texas. The Company's additional focus is the optimal exploitation and development of approximately 1,200 acres known as the West Ant Hills Prospect located in Niobrara County Wyoming.\r\nCantex Energy Corp., is a Non-Reporting Company, quoted on the Pink Sheets, having filed a Form 211 pursuant to Rule 15c211 under the Exchange Act, with the NASD Compliance Unit. See www.pinksheet.com for real time quotes, how to trade pink sheet stocks, how to protect yourself and additional stock information. \r\nPurchasing shares in Cantex Energy Corp., involves a speculative investment with substantial risks, and although the Company intends to use its best efforts to enhance the value of the Shares, there is no assurance that the Company's operations will be successful For more information about Cantex Energy Corp. (Pink Sheets:CTXE) please contact Deborah Walters, Phone: 877-332-2875, or visit their website at www.cantexenergy.com\r\...