Centaurus Energy files financials, has CTO revoked

Executive Summary

• The Alberta Securities Commission revoked the cease‑trade order issued on May 7, 2025, allowing Centaurus Energy’s shares to be reinstated to trading.
• Shareholders approved a change of business from a Tier 2 oil and gas issuer to a Tier 2 investment issuer and authorized a name change to Layer One Inc.; pending exchange conditions for final approval.
• The company is seeking at least US$5 million of concurrent financing to address a working‑capital shortfall of $4.896 million as of June 30, 2025, with any excess funds earmarked for digital‑asset investments.

Key Details

• Cease‑Trade Order Revocation: The Alberta Securities Commission fully revoked the CTO that had been imposed due to delayed filing of audited 2024 financial statements and related CEO/CFO certifications.
• Financial Filings Published: Centaurus has now filed its audited annual financial statements, MD&A, and CEO/CFO certifications for FY 2024, as well as Q1 2025 and Q2 2025 results.
• Share Reinstatement Expected: Following revocation, the company anticipates that its shares will be reinstated to trading on the TSX‑V shortly.
• Change of Business Approved: At a general and special shareholders’ meeting on Feb 26 2025, approval was obtained to change the business focus from oil & gas to digital‑asset investment and to rename the company “Layer One Inc.” (ticker change pending).
• Exchange Conditions: The TSX‑V has conditionally accepted the proposed change of business (Dec 23 2024) but requires satisfactory concurrent financing of at least US$5 million before final acceptance.
• Working‑Capital Deficiency: As of June 30 2025, the company reported a working‑capital shortfall of $4,896,000.
• Financing Intent: Proceeds from the required financing will first be used to cover the working‑capital gap; any surplus will be allocated to investments in digital assets (e.g., Ether, Solana).
• Restrictions Until Approval: The company will not acquire additional cryptocurrency or digital assets until the exchange formally accepts the change of business and name.

Notable Quotes

(No direct quotes were provided in the release.)