Centaurus Energy Announces Results of Annual Meeting of Shareholders and Change of Auditor
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) ha annunciato sviluppi chiave dalla riunione degli azionisti del 26 febbraio 2025. Gli azionisti hanno approvato la trasformazione strategica dell'azienda da Emittente di Petrolio e Gas di Livello 2 a Emittente di Investimenti di Livello 2, insieme a un cambio di nome in Layer One Inc. L'azienda sta attualmente collaborando con la TSX Venture Exchange per finalizzare le condizioni di approvazione e assicurare un finanziamento iniziale indipendente per investimenti in asset digitali.
Inoltre, Centaurus ha annunciato un cambiamento immediato di revisori da Gallo LLP a Davidson & Company LLP, con effetto dal 24 marzo 2025. La nomina del nuovo revisore, approvata dal consiglio di amministrazione, è in linea con la strategia rinnovata dell'azienda negli investimenti in asset digitali, poiché Davidson porta con sé esperienza nel settore delle criptovalute. L'azienda ha confermato di non avere riserve nei precedenti rapporti di revisione o eventi segnalabili durante la transizione.
Centaurus Energy Inc. (TSXV: CTA, OTC: CTARF) anunció desarrollos clave de su reunión de accionistas del 26 de febrero de 2025. Los accionistas aprobaron la transformación estratégica de la empresa de Emisor de Petróleo y Gas de Nivel 2 a Emisor de Inversiones de Nivel 2, junto con un cambio de nombre a Layer One Inc. La empresa está trabajando actualmente con la TSX Venture Exchange para finalizar las condiciones de aprobación y asegurar financiamiento independiente inicial para inversiones en activos digitales.
Además, Centaurus anunció un cambio inmediato de auditores de Gallo LLP a Davidson & Company LLP, efectivo a partir del 24 de marzo de 2025. La nueva designación de auditor, aprobada por la junta directiva, se alinea con la estrategia renovada de la empresa en la inversión en activos digitales, ya que Davidson aporta experiencia en criptomonedas. La empresa confirmó que no hay reservas en los informes de auditoría anteriores ni eventos informables durante la transición.
Centaurus Energy Inc. (TSXV: CTA, OTC: CTARF)는 2025년 2월 26일 주주 총회에서 주요 개발 사항을 발표했습니다. 주주들은 회사를 2급 석유 및 가스 발행자에서 2급 투자 발행자로의 전략적 전환과 Layer One Inc로의 이름 변경을 승인했습니다. 회사는 현재 TSX 벤처 거래소와 협력하여 승인 조건을 최종화하고 디지털 자산 투자에 대한 초기 독립 자금을 확보하고 있습니다.
또한 Centaurus는 2025년 3월 24일부터 Gallo LLP에서 Davidson & Company LLP로 감사인을 즉시 변경한다고 발표했습니다. 이 새로운 감사인 임명은 이사회에서 승인되었으며, Davidson이 암호화폐 경험을 가지고 있어 디지털 자산 투자에 대한 회사의 재조정된 전략과 일치합니다. 회사는 이전 감사 보고서나 전환 중 보고 가능한 사건에 대한 예약이 없음을 확인했습니다.
Centaurus Energy Inc. (TSXV: CTA, OTC: CTARF) a annoncé des développements clés lors de son assemblée générale des actionnaires du 26 février 2025. Les actionnaires ont approuvé la transformation stratégique de l'entreprise d'Émetteur de Pétrole et de Gaz de Niveau 2 à Émetteur d'Investissement de Niveau 2, ainsi qu'un changement de nom en Layer One Inc. L'entreprise travaille actuellement avec la Bourse de croissance TSX pour finaliser les conditions d'approbation et sécuriser un financement indépendant initial pour des investissements dans des actifs numériques.
De plus, Centaurus a annoncé un changement immédiat d'auditeurs de Gallo LLP à Davidson & Company LLP, effectif à partir du 24 mars 2025. La nomination du nouvel auditeur, approuvée par le conseil d'administration, s'aligne avec la stratégie recentrée de l'entreprise sur l'investissement dans des actifs numériques, Davidson apportant une expérience en cryptomonnaies. L'entreprise a confirmé qu'il n'y avait aucune réserve dans les rapports d'audit précédents ou d'événements rapportables durant la transition.
Centaurus Energy Inc. (TSXV: CTA, OTC: CTARF) gab wichtige Entwicklungen aus seiner Hauptversammlung am 26. Februar 2025 bekannt. Die Aktionäre genehmigten die strategische Transformation des Unternehmens von einem Tier-2-Öl- und Gasemittenten zu einem Tier-2-Investmentemittenten, zusammen mit einer Namensänderung zu Layer One Inc. Das Unternehmen arbeitet derzeit mit der TSX Venture Exchange zusammen, um die Genehmigungsbedingungen abzuschließen und eine erste unabhängige Finanzierung für Investitionen in digitale Vermögenswerte zu sichern.
Darüber hinaus gab Centaurus eine sofortige Änderung der Wirtschaftsprüfer von Gallo LLP zu Davidson & Company LLP bekannt, die am 24. März 2025 wirksam wird. Die neue Wirtschaftsprüferbestellung, die vom Vorstand genehmigt wurde, steht im Einklang mit der neu ausgerichteten Strategie des Unternehmens für Investitionen in digitale Vermögenswerte, da Davidson Erfahrung im Bereich Kryptowährungen mitbringt. Das Unternehmen bestätigte, dass es keine Vorbehalte in früheren Prüfungsberichten oder meldepflichtigen Ereignissen während des Übergangs gab.
- Strategic pivot to cryptocurrency and digital asset investments approved by shareholders
- New auditor brings specialized cryptocurrency expertise
- No reportable events or reservations in previous audit reports
- Pending TSX Venture Exchange approval for business transformation
- Initial independent financing for digital assets not yet secured
Calgary, Alberta--(Newsfile Corp. - March 28, 2025) - Centaurus Energy Inc. (TSXV: CTA) (OTC Pink: CTARF) ("Centaurus" or the "Company") announces the results of its shareholder meeting on February 26, 2025. All the matters that were raised in the context of the Company's annual general and special meeting were approved. Specifically, relating to the Company's Change of Business, the shareholders approved the change of business of the Company from a Tier 2 Oil & Gas Issuer to a Tier 2 Investment Issuer and approved the change of the name of the Company from "Centaurus Energy Inc." to "Layer One Inc."
The Company has registered the trade name "Layer One Inc." and will begin operating on that basis.
The Company continues to work with the TSX Venture Exchange to complete all the conditions precedent to its approval of the Change of Business and Name Change, upon which the Company's name will be officially changed, along with the assignment of new stock ticker symbols. Specifically, the Company continues to be in discussions with potential partners to secure the Company's initial independent financing for investment in digital assets.
Mr. David D. Tawil, CEO of Centaurus, commented, "Our shareholders overwhelmingly approved the Company's new strategy and name. We are excited to be poised to take advantage of appreciation of Layer 1 cryptocurrencies as the world begins to adopt cryptocurrencies as payment vehicles and for recording and transferring interests in Real World Assets (RWAs)."
Auditor Change
Centaurus announces that it has changed its auditor from Gallo LLP ("Gallo") to Davidson & Company LLP ("Davidson") effective immediately. Davidson has been appointed as the successor auditor to hold office until close of Centaurus' next annual general meeting.
Gallo, Centaurus' former auditor, resigned on March 24, 2025, at the request of the Company, and the resignation was considered and approved by the Corporation's board of directors. The decision to appoint Davidson as successor auditor was also considered and approved by the Company's board of directors.
In the opinion of the Company, there have been no: (i) reservations in the auditor's reports on any of the Company's financial statements relating to the "relevant period" as that term is defined in Section 4.11 of NI 51-102; nor (ii) any "reportable events" as that term is defined in Section 4.11 of NI 51-102.
The change of auditor notice required under NI 51-102 and associated material will be filed on SEDAR+ under the Company's profile within the prescribed time period.
Mr. David D. Tawil, CEO of Centaurus, commented, "We are excited to work with Davidson & Co., a leading audit firm with cryptocurrency experience, to support our refocused business strategy in the area of digital asset investment."
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/246543
FAQ
What major changes did shareholders approve for Centaurus Energy (CTARF) in February 2025?
Why did Centaurus Energy (CTARF) change its auditor to Davidson & Company LLP?
What is Layer One Inc.'s new investment focus after the business transformation?
When did Centaurus Energy (CTARF) implement its auditor change from Gallo LLP?
