Cantex Energy Corp. Announces Appointment of Two New Directors
June 14 2006 - 1:12PM
Business Wire
Cantex Energy Corp. (Pink Sheets:CTXE) is pleased to announce that
Dr. Tom Morgan and Mr. James C. (Jim) Mannatt Jr. have joined the
Board of Directors effective immediately. Dr. Morgan is Consulting
Geophysicist with Providence Technologies and the Big Canyon 2D
Swath. Mr. Mannatt is the well-published owner of Providence
Technologies Inc., the technology Company that has licensed its
unique and proven technology to Cantex and its working interest
partners on the Big Canyon Prospect. The Company is also pleased to
report that the first of three lines has now been completed and
data is being processed. The second line is underway and the entire
project continues to be ahead of schedule. Trace Maurin, President
of Cantex Energy Corp., stated, "We have always believed that our
geophysical experts at Providence Technologies have the capability
and expertise to provide us the necessary advantages in proving up
the estimated tcf of gas in the Big Canyon prospect. To have the
owner of Providence join our board speaks volumes for the future of
our shareholders." Other news: As May 31, 2006 was the annual year
end, the Company has retained its lawyers to prepare and file, as
soon as possible, a Form 10 Registration Statement with the SEC.
The year-end financials will be posted on the Company's web site on
or before the end of June. About Cantex Energy 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. For real-time quotes, how to trade
pink sheet stocks, how to protect yourself and additional stock
information, please see www.pinksheet.com. 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 Barry Gross, Phone: 361-949-4999, or visit the Company's
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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