CanAsia Energy is pleased to release the Dec 31, 2023 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 Limited. The evaluation included all of Andora's Oil Sands Leases at Sawn Lake based on exploitation using Steam Assisted Gravity [...]
CanAsia Energy reports 2023 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 year ended Dec 31, and related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online at www.sedarplus.com or the Company's website [...]
Risco Energy Investments Limited announces that it acquired 10,000,000 common shares of CanAsia Energy Corp. on January 16, 2024, in addition to 10,000,000 CanAsia common shares that Risco acquired on December 21, 2023. CanAsia issued an aggregate of 63,000,000 shares on those dates pursuant to a private placement, which resulted in 112,793,907 issued and outstanding shares. The issue price of each share was CAD $0.10 [...]
CanAsia Energy is pleased to announce the closing of the second tranche of its brokered private placement offering previously announced on Dec 4, 13 and 21, 2023. 12,580,000 common shares of the Company were issued today at an issue price of CAD $0.10 per Share for additional aggregate gross proceeds of CAD $1,258,000. The Offering was fully subscribed; 63,000,000 Shares were issued in two tranches to raise aggregate [...]
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 [...]
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