Centric Energy Corp V.CTE

We should be trading alot higher

[rumourmill]

If SNM can raise $50M at 50 cents with 500M shares outstanding on a exploration play in a very politically unstable area, we should be trading alot higher.  CTE should be trading over $1 with right promoters and financial backers.  Lets hope these guys can bring some heavy hitters to the management an board and then we should be trading north of $2. 

SNM market cap. $250M.  CTE market cap. $15M with the best exploration partners in the business.
The guys that put the money for SNM obviously don`t know about CTE.  Time to get the word out.


ShaMaran closes $49.99-million financing

2010-09-17 16:55 ET - News Release

Mr. Pradeep Kabra reports

SHAMARAN CLOSES $50 MILLION PRIVATE PLACEMENT

ShaMaran Petroleum Corp. has closed the previously announced private placement. The Company sold, on a non-brokered, private placement basis, an aggregate of 111,111,106 common shares at a price of 45 cents per share for gross proceeds of $49,999,997.70. A 5 per cent finder's fee will be paid on a portion of the private placement. Shares issued pursuant to the private placement are subject to a hold period expiring on Jan. 18, 2011.

Net proceeds of the private placement will be used towards the company's work programs in Kurdistan as well as for general working capital purposes.

The private placement has received regulatory approval and the shares have now been issued to the investors.

We seek Safe Harbor.