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Bitte um Statements!
Form 8-K/A for CENTURION GOLD HOLDINGS INC
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25-Oct-2005
Entry into Material Agreement, Financial Statements and Exhibits
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Centurion Gold Holdings, Inc. (the "Company") entered into an agreement with Escopeta Oil Co., LLC ("Escopeta") whereby the Company agreed to purchase certain oil and gas interests of Escopeta. Centurion paid Escopeta $125,000 for the right to enter into the transaction. The agreement further provides that Centurion will pay an additional $23,875,000 ($17,875,000 in cash and $6,000,000 worth of common stock of the Company) to purchase the assets. The agreement provides for further payments of $28,000,000 to be made by the Company to Escopeta. The Company and Escopeta had no prior affiliation.
FORWARD -LOOKING STATEMENTS
This Form 8-K contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the companies, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the companies disclaim any obligation to update any forward-looking statements. In addition, the companies disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Item 9.01 Financial Statements and Exhibits.
Exhibit Number Description
(a) None
(b) None
(c) Exhibit 99.1 Agreement dated October 17, 2005