Business
Centaurus Energy Announces Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - May 12, 2025) - Centaurus Energy Inc. (TSXV: CTA) (OTC Pink...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"Centaurus Energy Announces Cease Trade OrderCalgary, Alberta--(Newsfile Corp. - May 12, 2025) - Centaurus Energy Inc. (TSXV: CTA) (OTC Pink: CTARF) (\"Centaurus\" or the \"Company\") announces that the Alberta Securities Commission, being Centaurus' principal regulator, has issued a cease trade order (the \"CTO\"), on May 7, 2025 . The CTO was issued due to a delay in the filing of its audited annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2024 (the \"Annual Filings\").Due to a change in auditor and a resulting financial statement restatement, additional time is required to finalize the audit and prepare the amended financial statements and related disclosures.The Company's board of directors and its management are working expeditiously to meet the Company's obligations relating to the filing of the Annual Filings. At this time, the Company anticipates being able to complete the Annual Filings on or before May 30, 2025.During the CTO, the Company confirms that it will comply with the provisions of the alternative information guidelines set out in National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults for as long as it remains in default.About Centaurus EnergyCentaurus is a company focused on investing in Ether, Solana and other digital commodities. The Company's shares trade on the TSX-V under the symbol \"CTA\" and on the OTC Pink Market under the symbol \"CTARF\".FOR FURTHER INFORMATION, PLEASE CONTACT:David Tawil, Chief Executive Officeremail: [email protected]: (646) 479-9387Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis press release contains forward-looking statements which with respect to the possible approval of the Proposed Change of Business by the Exchange and the shareholders of the Company, and the implementation of the Proposed Change of Business, if implemented. These forward-looking statements may relate to, among other things, forecasts or expectations regarding business outlook for Centaurus or Ether, the requirements of the Exchange, and may also include other statements that are predictive in nature, or that depend up...