Centaurus Energy Announces Revocation of Cease Trade Order and Reinstatement to Trading

Executive Summary

• The Alberta Securities Commission fully revoked the cease‑trade order issued on May 7, 2025, allowing Centaurus Energy’s shares to be reinstated pending exchange action.
• Shareholders approved a change of business from a Tier 2 Oil & Gas issuer to a Tier 2 Investment issuer and a name change to “Layer One Inc.”; the TSX‑V is reviewing the application.
• The company is seeking a minimum USD 5 million financing to address a working‑capital shortfall of $4.896 million, with any excess earmarked for digital‑asset investments.

Key Details

• Cease‑Trade Order Revocation: Alberta Securities Commission removed the CTO after Centaurus filed its audited 2024 financial statements and MD&A, which were restated due to a change in auditor.
• Annual Filings & Q1/Q2 2025 Results: The company has published its 2024 annual filings and its Q1 and Q2 2025 financial statements/MD&A.
• Share Reinstatement Expected: With the CTO lifted, Centaurus anticipates that its TSX‑V shares will be reinstated “shortly.”
• Change of Business Approval: At a general and special shareholders’ meeting on 26 Feb 2025, investors approved:
• Conversion from Tier 2 Oil & Gas to Tier 2 Investment issuer.
• Renaming the company from “Centaurus Energy Inc.” to “Layer One Inc.” (ticker change pending).
• Exchange Conditions: The TSX‑V requires a satisfactory concurrent financing of at least USD 5 million before final acceptance of the business and name changes.
• Working‑Capital Deficiency: As of 30 Jun 2025, the company reported a cash shortfall of $4.896 million.
• Financing Intent: Proceeds from the required financing will first cover the working‑capital gap; any surplus will be used to acquire digital assets (e.g., Ether, Solana). No new crypto purchases will occur until the exchange formally approves the change of business.

Notable Quotes

(No direct quotes were provided in the release.)