Century Petroleum Corp (CYPE)

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On August 28, 2018, Dr. Cletus M. Ibeto and the company entered into an asset purchase agreement with Ibeto Cement Company Limited, (ICCL) a transaction that resulted in a reverse merger by ICCL into Century Petroleum Corp. (CYPE)

Pursuant to the execution of the asset purchase agreement, on August 29, 2018, a total number of 14 billion restricted shares of the common stock of CYPE were issued to Dr. Cletus M. Ibeto as an individual, which shares represent 90% of the total outstanding stock of CYPE in exchange for 224,820,000 shares of ICCL, in Nigeria which shares represent 90% of the total outstanding stock of ICCL.

The consummation of the merger resulted in Century Petroleum Corp a/k/a Ibeto Cement International Corporation, Florida corporation, surviving the merger. Dr Cletus M. Ibeto is now controlling 90% of Century Petroleum Corp a/k/a Ibeto Cement International Corporation