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I will keep a close eye on CNTO for today's news reaction
Those are great links, NYC. thank you
I think we will see a big push today too!
$CNTO
CNTO Latest financials: http://www.otcmarkets.com/stock/CNTO/financials
CNTO Latest filings: http://www.otcmarkets.com/stock/CNTO/filings
I think we will see higher highs soon indeed Bud!
$CNTO
Always good to see a buy rating from Barcharts Bud!
$CNTO
I agree, ready to test new highs soon!
CNTO
A buy rating! http://www.barchart.com/quotes/stocks/CNTO
CNTO
The ask does look thin Bud, should go up easily!
$CNTO
Yes it is DITR, just means to me that more people will be checking this out!
$CNTO
CNTO is trending on PST today as well.
good to see the twitter buzz is strong
Link: http://www.otcmarkets.com/stock/CNTO/company-info
Ticker: $CNTO
OTC Market Place: OTCQB
CIK code: 0001527624
Company name: Centor Energy, Inc.
Incorporated In: NV, USA
Good morning DITR! Starting to get some twitter buzz this morning!
$CNTO
It sure is! Good morning, Cabroncita.
I agree DITR The Ibox is nicely done and informative.
$CNTO
CNTO Mon, 03 Feb 2014 11:03:02 GMT ~ CENTOR INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
read full: http://biz.yahoo.com/e/140203/cnto8-k.html
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CNTO Tue, 04 Feb 2014 14:20:06 GMT ~ Centor Energy Inc Signs $1.25 Million in Financing
[GlobeNewswire] - WINTERPARK, Fla. -- CENTOR ENERGY INC (OTCQB:CNTO) is pleased to announce that it has executed a $1.25 million loan agreement with a private lender Fortuitus Investments, Inc.. The loan will be funded ...
read full: http://finance.yahoo.com/news/centor-energy-inc-signs-1-142006433.html
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Good morning Ditr! I am sure that news caught a lot of attention from new eyes!
$CNTO
Great news and great ibox information
wow. News Alert: Centor Energy Inc Signs $1.25 Million in Financing
That was great financing news out yesterday!
$CNTO
This is awesome news for CNTO and the future growth of the company.
Three emails tonight for this ticker.....GLTU
WINTERPARK, Fla., Feb. 4, 2014 (GLOBE NEWSWIRE) -- CENTOR ENERGY INC (OTCQB:CNTO) is pleased to announce that it has executed a $1.25 million loan agreement with a private lender Fortuitus Investments, Inc.. The loan will be funded in phases and partial proceeds will be used to complete the pending acquisition of the 55% working interest in the Pasquia Hills Oil Shale Project scheduled for February 16, 2014 as well as to complete the Hatch Ltd. feasibility study to determine economic criteria for commerciality and refine an operational plan to extract the oil shale resource. The Company has previously received $350,000 from this lender and has a successful working history.
James Michael Sullivan, President and CEO of Centor Energy stated: "Pasquia Hills was first explored by Sun Oil in 1964. In September of 2006 a more aggressive exploration permit was granted and in excess of $2.5 million has been spent in exploration and proving these reserves, to the extent that in 2013 a 15 year working lease was approved and granted with an effective starting date of March 7, 2013. Now on February 16, 2014 Centor Energy will own a 55% working interest in this extraordinary oil shale project. This is a major milestone accomplishment and I cannot understate the importance of this acquisition for the Company. It is extremely important to recognize the Hatch feasibility study is one of the final steps to operationalize this project, a project with over 1.1 billion barrels of contingent resources. The shallow overburden and economic feasibility of this project as reported in the Chapman Petroleum Engineering, Ltd December 1, 2013 Evaluation Report is truly exciting and I encourage all shareholders to read the full report available on our website. (www.centorenergyinc.com). I would also like to take this opportunity to acknowledge the confidence and further validation by our lender in providing financing. It is extremely important to have a lender who understands the petroleum and energy sectors as well as believes in our management team and we look forward to a long continuing relationship as we explore new opportunities for the Company."
We look forward to further updates as we complete the closing and continue to develop the oil shale resources in Pasquia Hills.
For further Information and inquiries please call: 866-491-3128.About Centor Energy Inc. Centor Energy Inc. is an emerging energy company that develops and explores oil and gas and mining opportunities throughout the world with a focus on oil and gas in North America. The Company's management has a unique network and expertise to source new project opportunities within the petroleum, energy and mining sectors. The Company has an aggressive strategy and technical expertise targeting undervalued projects that require additional resources that can be leveraged to create long-term capital growth and shareholder value.Safe Harbor Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Centor Energy, Inc. encourages those interested in our Company to rely only on information included in our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov. Statements released by Centor Energy, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
$CNTO 8K received today.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 29, 2014
CENTOR ENERGY, INC.
(Exact name of registrant as specified in its charter)
Nevada
000-52970
30-0766257
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of Incorporation)
Identification Number)
1801 Lee Rd, Ste 265
Winter Park, FL 32789
(Address of principal executive offices)
(866) 491-3128
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o . Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o . Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o . Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o . Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Centor Energy, Inc.
Form 8-K
Current Report
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 29, 2014, Centor Energy, Inc., a Nevada corporation (the "Company") issued a ten percent (10%) Convertible Promissory Note (the “Note”) to Fortuitus Investments, Inc.(“Duke”) in the amount of one million two hundred fifty thousand dollars ($1,250,000). The Note earns simple interest accruing at ten percent (10%) per annum and may be converted to common shares of the registrant, at the discretion of Fortuitus.
The above description of the Note is intended as a summary only and is qualified in its entirety by the terms and conditions set forth therein, and may not contain all information that is of interest to the reader. For further information regarding the terms and conditions of the Note, this reference is made to the Note, which is filed hereto as Exhibit 10.1 and is incorporated herein by this reference.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by this reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)
Exhibits
Exhibit No.
Description of Exhibit
10.1
Promissory Note to Fortuitus Investments, Inc. Dated January 29, 2014.
Can't wait, I'm only holding a small amount, but profit$ are profit$
This one will hit $3 again this week, imo
PSC running a MoMo play on CNTO next week
Woo-hoo! My GTC order at IB to short CNTO finally came through with 30 shares! (only a couple of thousand left to fill) Anyone else getting fills at IB?
Do you think the drive up is because of these reports that people receive in their email every day?
Expect a sell off pretty soon as traders take profits. Should be able to pick up some cheaper shares after the correction. This company still isn't making any revenue and won't for at least 2 years!
I think I called $3.00 on Tuesday! This thing has no resistance just steady up! Gotta Love CNTO
WOW! Whacked us, haha
WINTERPARK, Fla., Jan. 22, 2014 (GLOBE NEWSWIRE) -- CENTOR ENERGY INC (OTC:CNTO) is pleased to provide this Shareholder update with regard to progress of the Company. The transition from 2013 to 2014 was also a transition for the Company into a multinational corporation entering the petroleum and energy sectors. While we continue to maintain our mining assets in Ghana Africa, one of the most exciting developments for the Company was securing the acquisition of the 55% working interest in the Pasquia Hills Oil Shale Project (the "Oil Shale").
During 2013, the global economy and equity markets obtained new highs and we expect 2014 to be a continuation with the energy sector leading the way. Global demand for oil continues unabated, particularly in large capital rich pacific-rim nations that lack natural resources. This is creating a global interest from potential strategic partners to invest in large unconventional oil deposits, such as oil shale. There are a number of key attributes including technology advancements and robust oil prices have made large undeveloped oil shale deposits such as Pasquia Hills attractive on a global scale. One of the most exciting aspects of the Pasquia Hills project indicated in the formal "Evaluation of Contingent Resources and Commerciality Factors," ("Contingent Resource Report") prepared by Chapman Petroleum Engineering, LTD on December 1, 2013, was the shallow depth of the shale resources. In general terms the closer to the surface the more economically viable the resources are to produce. The Contingent Resource Report indicated production cost of $38.64 per barrel of produced oil. With current crude oil prices over $90 per barrel, it is expected that oil can be extracted from the Oil Shale at healthy margins. The complete Contingent Resource Report is available on our website. www.Centorenergyinc.com
The Company is on track to close the purchase of 55% working interest of the Oil Shale resources on February 16, 2014. Hatch Ltd., a leading global engineering consulting firm, has commenced an independent feasibility study to determine the economic criteria for commerciality. The study is approximately 50% complete and will provide EPC (Engineering, Construction, Procurement) data, including cost estimates and production schedules to develop the resources and commence operations.
On a personal note, this is an exciting time for me to have the opportunity to develop the Pasquia Hills Shale Project and work with the Centor team. We look forward to further updates as we complete the closing and continue to identify other resource opportunities to add shareholder value.
I would also like to take this opportunity to thank our Shareholders for their continued support as we build this Company together.
Thank you.
Sincerely
James Michael Sullivan, President and CEO
For further Information and inquiries please call: 866-491-3128.
CNTO, We like the way this is setup. With a little push should be over $3 and running
I think so too Bud, 2014 should be a good year for CNTO!
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