Centaurus provides fourth update on 2020 annual financial statement filings

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Calgary, Alberta – (Newsfile Corp. – June 29, 2021) – Centaurus Energy Inc. (TSXV: CTA) (OTCQB: CTARF) (“Centaur” or the “Company“) provide this default status report every two weeks in accordance with National Policy 12-203 – Cessation orders for continuous disclosure failures (“NP 12-203As previously indicated in the Company’s press releases dated April 26, 2020 and May 4, 2021, the Company will be delayed in filing its annual audited financial statements, accompanying management’s discussion and analysis and the related CEO and CFO certifications for the fiscal year ended December 31, 2020 (the “Annual deposits“) and the Company has applied for and obtained a cease trade order in respect of the delayed annual reports (the”MCTO“) by the Alberta Securities Commission. MCTO prohibits the CEO and CFO of the Company from trading in the securities of the Company while there are pending deposits under the laws on applicable securities The MCTO does not affect the ability of the general public investor to trade the listed ordinary shares of the Company.

The Board of Directors of the Company and its management work diligently to meet the obligations of the Company relating to the filing of annual documents.

The Company confirms that since the last update of its press release dated June 14, 2021, (i) there has been no material change to the information contained in the update of June 14, 2021 that did not not generally disclosed; (ii) there has been no failure on the part of the Company to achieve its stated intentions with respect to compliance with the provisions of the Alternative Disclosure Guidelines set out in PN 12-203; (iii) there has been no other defect specified by the Company under PN 12-203; and (iv) there is no other material information relating to the affairs of the Company which has not been generally disclosed.

The Company will continue to comply with the provisions of the Alternative Disclosure Guidelines under NP 12-203 by issuing default status reports every two weeks in the form of press releases until it complies with the filing requirements set out above.

About Centaurus Energy

Centaurus is an independent upstream oil and gas company that operates both conventional and unconventional oil and gas businesses in Argentina. The Company’s shares trade on the TSX Venture Exchange under the symbol CTA and on the OTCQB under the symbol CTARF.

FOR MORE INFORMATION, PLEASE CONTACT:
David Tawil, Acting Managing Director
email: [email protected]
phone: (646) 479-9387

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION: This press release includes certain “forward-looking statements” under applicable Canadian securities laws. Forward-looking statements include, without limitation, statements regarding the filing of annual documents and their timing. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results and future events differ materially from those expressed or implied. by such forward-looking statements. These factors include, but are not limited to, management’s perceptions regarding the conditions, timing and likelihood of completion of the proposed transaction, operational matters, historical trends, current conditions and expected future developments, as well as other considerations deemed appropriate in the circumstances. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statement, 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/89095


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