[Another 30 million new shares issued? Where do those $18 million cash + $ 28 million future payment come from?? the supposed proceeding from the sale of the entire Platinum mine? I cannot think of anything else. This Dale guy is so unpredictable and crazy!] --Form 8-K/A for CENTURION GOLD HOLDINGS INC
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.
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Agreement dated October 17, 2005
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