Jeff Chisholm, the President & Chief Executive Officer and a director of CanAsia Energy, announces that he acquired 10,000,000 CanAsia common shares on December 21. CanAsia issued 50,420,000 shares pursuant to a private placement, which resulted in 100,213,907 issued and outstanding shares. The issue price of each share was CAD $0.10. The aggregate consideration paid by Mr. Chisholm was CAD $1,000,000. The CanAsia common [...]
CanAsia Energy is pleased to announce the closing of the first tranche of its brokered private placement offering previously announced on December 4 and 13. 50,420,000 common shares of the Company were issued today at an issue price of CAD $0.10 per Share for aggregate gross proceeds of CAD $5,042,000. A second and final tranche of the Offering for additional gross proceeds of CAD $1,258,000 is expected to occur in the [...]
CanAsia Energy is pleased to announce that, in connection with its previously announced brokered private placement offering on Dec 4, the Company has upsized the Offering from CAD $4.0 million to up to CAD $6.3 million in common shares of the Company at an issue price of CAD $0.10 per Share. The Offering is being led by Research Capital Corporation as the sole agent and sole bookrunner on a "best-efforts" basis. As a [...]
CanAsia Energy reports 2023 third quarter consolidated financial and operating results. The Company is today filing its unaudited consolidated financial statements as at and for the nine months ended Sept 30, 2023 and related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online at www.sedar.com or the Company's website, www.canasiacorp.com [...]
CanAsia Energy announced today that its directors intend to amend By-Law No. 1 of the Corporation to reduce the quorum requirement for a shareholder meeting from 25% to 10%. The amendment is expected to occur immediately before the annual meeting of shareholders scheduled to commence in Calgary at 9:00 a.m. tomorrow, Friday, September 22, 2023. The amendment will have immediate effect. Shareholders will then be asked to [...]
CanAsia Energy reports 2023 second quarter consolidated financial and operating results. The Company is today filing its unaudited consolidated financial statements as at and for the six months ended June 30, 2023 and related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online at www.sedarplus.ca or the Company's website [...]
CanAsia Energy reports 2023 first quarter consolidated financial and operating results. The Company is today filing its unaudited consolidated financial statements as at and for the three months ended March 31, 2023 and related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online or the Company's website, www.canasiacorp.com. Commenting [...]
CanAsia Energy announced today that its subsidiary Andora Energy Corporation completed the purchase of Andora common shares owned by minority shareholders for a cash payment of $0.044 per share. CanAsia, which previously owned 88.2% of the Andora common shares, now owns 100% of the Andora common shares. The transaction was completed by consolidating Andora common shares so that minority shareholders of Andora each held a [...]
CanAsia Energy reports 2022 year-end and fourth quarter consolidated financial and operating results. The Company is today filing its audited consolidated financial statements as at and for the three months ended December 31, 2022 and the period from May 27, 2022 to Dec 31, 2022 and related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained [...]
CanAsia Energy announced today that it has entered into an agreement with Andora Energy Corporation for the proposed purchase of Andora common shares owned by minority shareholders for a cash payment of $0.044 per share. CanAsia, which currently owns 88.2% of the Andora common shares, has agreed to support the transaction by voting in favor of it the Andora shares that CanAsia owns and to provide to Andora, by loan or [...]
CanAsia Energy, on behalf of its 88.2% owned subsidiary Andora Energy, is pleased to release the December 31, 2022 Contingent Bitumen Resources Report which is a National Instrument 51-101 compliant resources evaluation for Andora's oil sands interests at Sawn Lake Alberta, as evaluated by independent qualified reserves evaluator Sproule Associates. The evaluation included all of Andora's Oil Sands Leases at Sawn Lake [...]
CanAsia Energy announced today that it granted options to directors, officers, an employee and a consultant to purchase an aggregate of 1,675,000 common shares under CanAsia's equity incentive plan. Each option has an exercise price of $0.23, vests as to one-third on the grant date and one-third on each of the first and second anniversaries of the grant date and expires on Nov 22, 2027. Options to purchase 1,675,000 [...]
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