Business
Centaurus Energy Announces Plans to Focus on Investing Directly in Physical and Digital Commodities and Related Proposed Change of Business into an Investment Issuer
Initial investment focus will be on acquisition and staking of Ether and Solana tokens Centaur...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"Centaurus Energy Announces Plans to Focus on Investing Directly in Physical and Digital Commodities and Related Proposed Change of Business into an Investment IssuerInitial investment focus will be on acquisition and staking of Ether and Solana tokensCentaurus Energy Announces Name Change to Layer One Inc.Centaurus Energy Announces Shareholders' MeetingCalgary, Alberta--(Newsfile Corp. - January 8, 2025) - Centaurus Energy Inc. (TSXV: CTA) (OTC Pink: CTARF) (\"Centaurus\" or the \"Company\") announces that on December 23, 2024, the TSX Venture Exchange (\"TSX-V\" or the \"Exchange\") conditionally accepted the Company's proposed change of business from a Tier 2 Oil & Gas Issuer to a Tier 2 Investment Issuer (the \"Proposed Change of Business\"), pursuant to TSX-V Policy 5.2 - Changes of Business and Reverse Takeovers. Additionally, the Exchange conditionally accepted the Company's application for a name change to \"Layer One Inc.\" (the \"Name Change\"), the reviewable transactions for the sale of the Coiron Amargo Sur Este petroleum block (the \"CASE Transaction\"), and the Madalena Energy Argentina S.R.L/Gasener SRL disposition (the \"Gasener Transaction\").The Proposed Change of Business aims to refine the Company's transition from oil & gas exploration and production, following the 2023 sale of Madalena Energy Argentina S.R.L., to strategic investment in physical and digital commodities. With this new listing status, Centaurus may invest directly in physical and digital commodities (including Ether (ETH) and Solana (SOL)), undertake corporate transactions, and acquire strategic equity positions.The Company will focus on fulfilling the prescribed requirements outlined in the Exchange's conditional acceptance of the Proposed Change of Business, hold a meeting of its shareholders to obtain, among other things, approval of the Proposed Change of Business, the Name Change and the Gasener Transaction (the \"Shareholders' Meeting\"), and secure the Exchange's final approval in an expedient manner. Subsequent to the completion of the Proposed Change of Business, and subject to obtaining final approval of the Exchange, the Company will be listed on the TSX-V as a Tier 2 Investment Issuer, aligning the Company with its current business focus in strategic investment in physical and digital commodities.Mr. David D. Tawil, CEO of...