Welcome to our dedicated page for Centaurus Energy news (Ticker: CTARF), a resource for investors and traders seeking the latest updates and insights on Centaurus Energy stock.
Centaurus Energy Inc. (OTC Pink: CTARF; TSXV: CTA) generates news that reflects its transition from an upstream oil and gas background to a focus on strategic investment in physical and digital commodities. Company announcements describe a shift toward investing in Ether, Solana and other digital commodities, along with related corporate and regulatory developments.
News releases cover topics such as the company’s adoption of Ether as a primary treasury reserve asset, its capital allocation strategy involving digital commodities, and its intention to earn yield on Ether through mechanisms such as staking or liquidity pools. Updates also discuss the proposed change of business on the TSX Venture Exchange from a Tier 2 Oil & Gas Issuer to a Tier 2 Investment Issuer, as well as plans to change the company name to "Layer One Inc." and adopt new trading symbols, subject to required approvals.
Investors following CTARF news will also see disclosures about normal course issuer bids, share consolidation plans, and the management of proceeds from a passive royalty interest in the Coiron Amargo Sur Este petroleum block in Argentina. Regulatory communications, including a temporary trading halt related to the change of business review and a cease trade order tied to delayed financial statement filings, are part of the company’s recent news flow.
This news page aggregates these corporate, strategic, and regulatory updates in one place, allowing readers to review Centaurus Energy’s evolving focus on digital commodities and its related capital markets activity over time.
Centaurus Energy (OTC:CTARF) has refiled its annual Management Discussion and Analysis (MD&A) for the year ended December 31, 2024. The refiling was prompted by feedback from the Alberta Securities Commission, the company's principal regulator, during a review of Centaurus' request to revoke a previously issued Cease Trade Order on its shares.
The revised MD&A includes additional required disclosures regarding Corporate Governance (per section 2.2(2) of NI-58-101) and Audit Committee information (per section 6.2(2) of NI 52-110).
Centaurus Energy (CTARF) has received a cease trade order (CTO) from the Alberta Securities Commission on May 7, 2025, due to delayed filing of its 2024 annual financial statements and related documents. The delay stems from a change in auditor and subsequent financial statement restatement. The company expects to complete the required Annual Filings by May 30, 2025. During the CTO period, Centaurus will comply with alternative information guidelines outlined in National Policy 12-203.
Centaurus Energy has announced a delay in filing its annual financial statements for the year ended December 31, 2024. The company, trading under symbols TSXV: CTA and OTC Pink: CTARF, is working with its new auditor Davidson & Company to address accounting issues.
The delay stems from the need to restate 2023 financial statements to correct errors in the accounting treatment of an overriding royalty interest transaction with Pan American Energy Argentine branch. The restatement requires retroactive adjustments to properly reflect the fair value of the ORRI transfer in 2023.
After notification from Davidson on April 29, 2025, Centaurus confirmed it would miss the April 30 filing deadline. The company expects to complete and file all required documents by May 5, 2025.
Centaurus Energy Inc. (TSXV: CTA, OTC: CTARF) announced key developments from its February 26, 2025 shareholder meeting. Shareholders approved the company's strategic transformation from a Tier 2 Oil & Gas Issuer to a Tier 2 Investment Issuer, along with a name change to Layer One Inc. The company is currently working with the TSX Venture Exchange to finalize approval conditions and secure initial independent financing for digital asset investments.
Additionally, Centaurus announced an immediate change in auditors from Gallo LLP to Davidson & Company LLP, effective March 24, 2025. The new auditor appointment, approved by the board of directors, aligns with the company's refocused strategy in digital asset investment, as Davidson brings cryptocurrency experience. The company confirmed no reservations in previous audit reports or reportable events during the transition.
Centaurus Energy Inc. (TSXV: CTA) (OTC: CTARF) has received conditional TSX Venture Exchange acceptance for its proposed transition from a Tier 2 Oil & Gas Issuer to a Tier 2 Investment Issuer. The company plans to change its name to Layer One Inc. and will focus on investing in physical and digital commodities, particularly Ether (ETH) and Solana (SOL).
The company intends to deploy proceeds from its Coiron Amargo Sur Este petroleum block royalty interest into cryptocurrency investments and staking activities. A shareholders' meeting is planned for February 2025 to approve the business change, name change, and the Gasener Transaction.
Centaurus plans to secure up to USD $25 million in financing through a loan agreement at 7% annual interest, maturing in February 2028, secured by purchased cryptocurrencies. The loan includes profit-sharing terms where 65% of gains above the interest rate go to the lender.
Centaurus Energy Inc. (TSXV: CTA) (OTC Pink: CTARF) announces a proposed change of business from a Tier 2 Oil & Gas Issuer to a Tier 2 Investment Issuer, focusing on investing in physical and digital commodities. The company plans to:
1. Change its name to Layer One Inc. and trading symbol to 'LAYR'
2. Implement a 2:1 share consolidation
3. Hold a shareholders' meeting by September 30, 2024
CEO David D. Tawil states the company will initially focus on Ether (ETH) investments and staking activities. Trading of Centaurus shares is temporarily halted pending TSX Venture Exchange review. The company may seek to raise additional capital for investments.
Centaurus Energy announces a Normal Course Issuer Bid (NCIB) approved by the TSX Venture Exchange. The NCIB permits the purchase and cancellation of up to 108,545 common shares, representing 10% of the public float, starting May 30, 2024, and concluding no later than May 30, 2025.
The company believes its current share price undervalues its assets and prospects, making this a strategic use of funds. Previous purchases in the last twelve months totaled 7,700 shares. All acquisitions will occur on the TSX-V or other Canadian trading systems, with shares purchased at market price and subsequently cancelled. Centaurus has named Canaccord Genuity to manage the NCIB.
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