Business
Cantex Energy Corp., to re-price the $500,000 Private Placement announced on April 19, 2006
Cantex Energy Corp., to re-price the $500,000 Private Placement announced on April 19, 2006.
About this update from Arkose Energy Corp.
[{"type":"text","content":"San Antonio, TX, April 19, 2006 / Cantex Energy Corp., (Pink Sheets-CTXE) wished to announce that the $500,000 private placement announced on April 19, 2006 has been amended. Due to the present market conditions and shareholder sentiment management has renegotiated the terms to be at $1.00 per share, but will include a full warrant entitling the investor to acquire an additional share at $1.10 for two years and an additional override in Cantex's interest of 1.25%. The company will undertake to make its best efforts to register the shares in the near future.\r\n\r\nTrace Maurin, President of Cantex commented, \"We heard form our shareholders and accepted their concerns that with the potential upside of this program and present market conditions that the financing was under priced. The investing partner has taken a reasonable stance on the new amended terms and we look forward to positive ongoing working relationship in the development of the Big Canyon Prospect. \" \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, ext. 501 or visit their website at www.cantexenergy.com\r\nExcept for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and unc...