Centaurus Energy Provides Update on 2024 Annual Financial Statement Filings
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 ha annunciato un ritardo nella presentazione del bilancio annuale relativo all'esercizio chiuso al 31 dicembre 2024. La società, quotata con i simboli TSXV: CTA e OTC Pink: CTARF, sta collaborando con il suo nuovo revisore contabile Davidson & Company per risolvere alcune problematiche contabili.
Il ritardo deriva dalla necessità di rettificare i bilanci del 2023 per correggere errori nel trattamento contabile di una transazione riguardante un interesse di royalty sovrapposta con la filiale argentina di Pan American Energy. La rettifica richiede aggiustamenti retroattivi per riflettere correttamente il valore equo del trasferimento dell'ORRI nel 2023.
A seguito della comunicazione di Davidson del 29 aprile 2025, Centaurus ha confermato che non rispetterà la scadenza del 30 aprile per la presentazione. La società prevede di completare e presentare tutti i documenti richiesti entro il 5 maggio 2025.
Centaurus Energy ha anunciado un retraso en la presentación de sus estados financieros anuales correspondientes al año terminado el 31 de diciembre de 2024. La compañía, que cotiza bajo los símbolos TSXV: CTA y OTC Pink: CTARF, está trabajando con su nuevo auditor Davidson & Company para resolver problemas contables.
El retraso se debe a la necesidad de reexpresar los estados financieros de 2023 para corregir errores en el tratamiento contable de una transacción de interés de regalías adicionales con la sucursal argentina de Pan American Energy. La reexpresión requiere ajustes retroactivos para reflejar correctamente el valor razonable de la transferencia del ORRI en 2023.
Tras la notificación de Davidson el 29 de abril de 2025, Centaurus confirmó que no cumpliría con la fecha límite del 30 de abril para la presentación. La compañía espera completar y presentar todos los documentos requeridos antes del 5 de mayo de 2025.
Centaurus Energy는 2024년 12월 31일 종료된 연간 재무제표 제출이 지연될 것이라고 발표했습니다. TSXV: CTA 및 OTC Pink: CTARF 심볼로 거래되는 이 회사는 새로운 감사인 Davidson & Company와 협력하여 회계 문제를 해결하고 있습니다.
지연 사유는 Pan American Energy 아르헨티나 지사와의 초과 로열티 이자 거래에 대한 회계 처리 오류를 수정하기 위해 2023년 재무제표를 재작성해야 하기 때문입니다. 이 재작성은 2023년 ORRI 이전의 공정 가치를 올바르게 반영하기 위한 소급 조정을 필요로 합니다.
2025년 4월 29일 Davidson의 통보 후, Centaurus는 4월 30일 제출 기한을 맞추지 못할 것임을 확인했습니다. 회사는 2025년 5월 5일까지 모든 필요한 서류를 완성하고 제출할 예정입니다.
Centaurus Energy a annoncé un retard dans le dépôt de ses états financiers annuels pour l'exercice clos au 31 décembre 2024. La société, cotée sous les symboles TSXV : CTA et OTC Pink : CTARF, travaille avec son nouvel auditeur Davidson & Company pour résoudre des problèmes comptables.
Ce retard est dû à la nécessité de retraiter les états financiers de 2023 afin de corriger des erreurs dans le traitement comptable d'une transaction portant sur un intérêt de redevance supplémentaire avec la filiale argentine de Pan American Energy. Le retraitement nécessite des ajustements rétroactifs pour refléter correctement la juste valeur du transfert de l'ORRI en 2023.
Après notification de Davidson le 29 avril 2025, Centaurus a confirmé qu'elle ne respecterait pas la date limite de dépôt du 30 avril. La société prévoit de finaliser et déposer tous les documents requis d'ici le 5 mai 2025.
Centaurus Energy hat eine Verzögerung bei der Einreichung seines Jahresabschlusses für das zum 31. Dezember 2024 endende Geschäftsjahr angekündigt. Das Unternehmen, das unter den Symbolen TSXV: CTA und OTC Pink: CTARF gehandelt wird, arbeitet mit seinem neuen Wirtschaftsprüfer Davidson & Company zusammen, um buchhalterische Probleme zu klären.
Die Verzögerung resultiert aus der Notwendigkeit, die Finanzberichte für 2023 neu aufzustellen, um Fehler bei der buchhalterischen Behandlung einer Transaktion mit einem Überroyalty-Interesse mit der argentinischen Niederlassung von Pan American Energy zu korrigieren. Die Neubewertung erfordert rückwirkende Anpassungen, um den beizulegenden Zeitwert der ORRI-Übertragung im Jahr 2023 korrekt darzustellen.
Nach der Benachrichtigung von Davidson am 29. April 2025 bestätigte Centaurus, dass die Einreichungsfrist am 30. April nicht eingehalten wird. Das Unternehmen erwartet, alle erforderlichen Unterlagen bis zum 5. Mai 2025 fertigzustellen und einzureichen.
- None.
- Company will miss deadline for 2024 annual financial statements filing
- Required restatement of 2023 financial statements due to accounting errors
- Audit delays and accounting issues with Pan American Energy royalty transaction
- Financial reporting complications requiring retroactive adjustments
Calgary, Alberta--(Newsfile Corp. - April 30, 2025) - Centaurus Energy Inc. (TSXV: CTA) (OTC Pink: CTARF) ("Centaurus" or the "Company") provides this default announcement indicating Centaurus's anticipated failure to file its annual financial statements for the year ended December 31, 2024 and related management discussion and analysis and certifications (collectively, the "Financial Statements") before the prescribed filing deadlines.
The Company's failure to file its Financial Statements on time is due to the following circumstances:
- As previously publicized, Centaurus has changed its auditor to Davidson & Company LLP ("Davidson").
- At Davidson's request, the Company is in the process of completing the restatement of its financial statements for the fiscal year ended December 31, 2023, to correct an error in the accounting treatment of an overriding royalty interest transaction with Pan American Energy, S.R.L., Argentine branch. The correction requires retroactive adjustments to properly reflect the fair value of the ORRI upon its transfer to Centaurus in 2023.
- Davidson notified the Company on April 29, 2025, that the Company will not be in position to file its Financial Statements on April 30.
As a result, additional time is required to finalize the audit and prepare the amended financial statements and related disclosures.
The Company is working diligently with Davidson to complete the restated financial statements and expects to file the required documents no later than May 5, 2025.
About Centaurus Energy
Centaurus 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 Officer
email: davidtawil@ctaurus.com
phone: (646) 479-9387
Neither 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 Statements
This 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 upon or refer to future events or conditions, and can generally be identified by words such as "may", "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", "guidance", or similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements.
Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Centaurus. The reader is cautioned not to place undue reliance on any forward-looking information. Although such information is considered reasonable by management at the time of preparation, it may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and Centaurus do not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250322
FAQ
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