Cantex Energy Corp. Corporate Update to Shareholders
May 09 2006 - 2:09PM
Business Wire
Cantex Energy Corp. (Pink Sheets:CTXE), "the Company," has been
receiving several calls from shareholders that are enquiring as to
the recent dip in the value of the Company shares. Management would
like to report that there are no material changes in the Company
affairs and that the Big Canyon Prospect in West Texas is on
schedule to commence the forty-two miles of seismic work later this
month. To hear more on the Company, shareholders are encouraged to
visit the Company's web site where a recent interview with the
Company president has been posted. In addition, the Company wishes
to confirm that it has executed the closing of a $250,000 private
placement, as announced April 19, 2006, and is now funded to allow
for the completion of the 1.6 million dollar geophysical work
program. The Company still plans to accept an additional $250,000
in subscriptions that are expected to close within the next ten
business days with use of proceeds for use as general working
capital. Trace Maurin, President of Cantex commented, "We encourage
our valued shareholders to be patient as we approach the
commencement date of this very unique opportunity in one of the
last under-explored, world-class potential gas plays with no
geopolitical risks." Cantex Energy Corp. is an independent, managed
risk, oil and gas exploration, development, and production company
headquartered in San Antonio, Texas. The Company's additional focus
is the optimal exploitation and development of approximately 1,200
acres known as the West Ant Hills Prospect located in Niobrara
County Wyoming. Cantex Energy Corp., is a Non-Reporting Company,
quoted on the Pink Sheets, having filed a Form 211 pursuant to Rule
15c211 under the Exchange Act, with the NASD Compliance Unit. See
www.pinksheet.com for real time quotes, how to trade pink sheet
stocks, how to protect yourself and additional stock information.
Purchasing shares in Cantex Energy Corp., involves a speculative
investment with substantial risks, and although the Company intends
to use its best efforts to enhance the value of the Shares, there
is no assurance that the Company's operations will be successful.
For more information about Cantex Energy Corp. (Pink Sheets:CTXE)
please contact Deborah Walters, Phone: 877-332-2875, or visit their
website at www.cantexenergy.com. Except for historical information
contained herein, the statements in this Press Release are
forward-looking statements that are made pursuant to the safe
harbor provisions in the Private Securities Legislation Reform Act
of 1995. Forward-looking statements involve known and unknown risks
and uncertainties, which may cause Cantex Energy's actual results
in future periods to differ materially from forecasted results.
These risks and uncertainties include, among other things: the
potential that no commercial quantities of oil are found or
recoverable, the price of oil and gas, geological problems that
prevent us from reaching drilling targets and specific risks such
as the Company's ability to raise financing and risks inherent in
Cantex Energy's operations. These and other risks are described in
Cantex Energy's Form 15c211 and other filings with the NASD and
Securities and Exchange Commission.
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