CanAsia Energy Corp.

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 [...]

CanAsia Energy announced today that on November 18, 2022 CanAsia elected to convert the outstanding loan balance and accrued interest of the Second Credit Facility with Andora Energy Corporation into common shares of Andora. Pursuant to the Second Credit Facility with Andora dated Nov 10, 2020, and as amended August 31, 2021 to increase the maximum amount, CanAsia had the option to convert outstanding amounts at a [...]

CanAsia Energy reports 2022 third quarter consolidated financial and operating results. The Company is today filing its unaudited consolidated financial statements as at and for the three months ended Sept 30, 2022 and the period from May 27, 2022 to September 30, 2022 and related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online at [...]

CanAsia Energy is pleased to announce commencement of operations. CanAsia is the result of an arrangement under the Business Corporations Act (Alberta initiated by Pan Orient Energy. CanAsia was incorporated by Pan Orient for the purpose of the Arrangement and now owns the non-Thailand business formerly owned by Pan Orient. The former shareholders of Pan Orient are now the shareholders of CanAsia. The common shares of [...]

Pan Orient Energy Corp. is pleased to announce that its shareholders overwhelmingly approved, at a special meeting held earlier today, the previously announced, on June 6, 2022, arrangement under the Business Corporations Act involving Pan Orient, its wholly owned subsidiary, CanAsia Energy Corp., Dialog Systems Pte Ltd. and its wholly owned subsidiary, 2432707 Alberta Ltd. . The resolution to approve the Arrangement was [...]