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 (CTARF), transitioning to Layer One Inc., provides investors with critical updates on its strategic shift from traditional energy to digital commodity investments. This page aggregates official announcements related to blockchain asset acquisitions, share consolidation programs, and regulatory developments under TSX-V oversight.
Access timely updates on the company’s digital transformation, including investments in Ether and Solana ecosystems, staking activities, and corporate restructuring initiatives. Content spans earnings reports, strategic partnership disclosures, and governance updates—all essential for evaluating this evolving investment issuer.
Bookmark this resource for streamlined tracking of CTARF’s market positioning as it bridges legacy energy expertise with blockchain innovation. Check regularly for verified news on capital allocation strategies and emerging opportunities in decentralized finance.
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.
Centaurus Energy reported its financial results for Q2 2020, showing oil and gas revenue of $4.86 million, down from $8.98 million in 2019. The net loss from continuing operations reached $16.44 million, compared to a $2.27 million loss the previous year. The average oil price was $25.70 per barrel, significantly lower than $52.85 in Q2 2019. Production in August increased to 2,313 boe/d. However, impairment tests revealed a $9.3 million impairment expense due to reduced commodity prices linked to the COVID-19 pandemic. The company continues to manage operational costs amidst challenging market conditions.
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